Gov. Gavin Newsom (D-CA) wants to make it unsustainable for people to drive gas cars. The resulting policy effects make it so that rich people can drive gas cars while the poor and the middle class get priced out and forced into less desirable alternatives.
The California Air Resources Board voted to pass new fuel standards two weeks ago, which everyone warned would lead to an increase in gas prices. That decision came on the heels of Newsom signing a law that would require minimum fuel storage levels for oil refineries, an attempt to avoid political backlash from spiking prices during gas shortages. Of course, the increased regulations would require those refineries to spend more money and pass those costs on, leading gas prices to go up again.
That does not even include what happens when the supply decreases because refineries close down, as Phillips 66 announced it would be…
