Gasoline prices are headed down to below $2 a gallon in some parts of the country right now, but from what I understand California prices are going to stay at least twice that, and might even go higher. So we'll have to see what effect that has on demand there, if any.
> No comment on PM 2.5 restrictions, entirely different topic.
Carbon emissions are carbon emissions; it's not just all about CO2. PM 2.5 carbon particles and visible soot and such will likely eventually oxidize to CO2 anyway, though. And a lot of it oxidizes almost as soon as it's emitted, given its high temperature and its exposure to fresh supply of oxygen.