But what's structurally behind these lower prices in California, David?

Yeah, that's a pretty simple answer.

Q2, the April, May, June period, and even the very end of the winter are always kind of an interesting time for California and, quite frankly, for the rest of the country, but really in California.

A couple of things happened this year that always happen in Q2.

A, this is the time of year when the Sierra Pacific and the Pac Northwest snowmelt secure, and that creates a lot of hydroelectric power.

And that displaces on a normal year up to about 800,000 MMB2s of gas every single April, May, and into June.

This year, it won't be so much into June because they had a very... very bad winter out west last year, which is my next point.

from a fundamental standpoint, David, is the West Coast sort of structurally more vulnerable to sort of extreme basis spikes than it was when you were a