# Tolls, Regulations, Bunker Fuel Costs Could Vex Industry - TT

> At the SMC3 Jump Start 2019 event, policy expert Randal Mullett said IMO rules phasing out high-sulfur bunker fuel from January 1, 2020 could raise diesel prices 20% to 30% and ocean fuel prices by up to 25%. One shipping company estimated extra fuel costs of $100 million per month. He also expects capacity constraints and infrastructure gridlock in Congress.

- Date: 2019-01-30 · published 2019-01-30T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/61273-tolls-regulations-bunker-fuel-costs-could-vex-industry-tt
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher bunker and diesel costs would raise ocean freight and trucking expenses for feed importers and exporters. The estimate is a forecast from one analyst, so the price path remains uncertain.

## Read by commodity

- DIESEL: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2018-11-21 | [Commentary: Oil market readies for new IMO regulations](https://feedsoft.ai/events/9534-commentary-oil-market-readies-for-new-imo-regulations.md) | -7.6% | -9.3% |
| DIESEL | 2019-09-19 | [IMO 2020 Could Shift Freight Patterns, Increase Costs - TT](https://feedsoft.ai/events/57268-imo-2020-could-shift-freight-patterns-increase-costs-tt.md) | -1.4% | -1.6% |
| DIESEL | 2019-05-24 | [CEOs Raise Concerns About Availability of Diesel and Other Fuels in 2020 Because of IMO Bunker Fuel Mandate - TT](https://feedsoft.ai/events/59261-ceos-raise-concerns-about-availability-of-diesel-and-other-fuels-in-2020.md) | -6.4% | -2.6% |
| DIESEL | 2019-04-03 | [Diesel Prices May Increase as Cargo Industry Makes 2020 Fuel Switch, Experts Say - TT](https://feedsoft.ai/events/59767-diesel-prices-may-increase-as-cargo-industry-makes-2020-fuel-switch-experts-say.md) | +1.8% | +4.1% |
| DIESEL | 2018-10-29 | [Airlines, trucking industry face sharp rise in fuel prices \| CBC News](https://feedsoft.ai/events/62737-airlines-trucking-industry-face-sharp-rise-in-fuel-prices-cbc-news.md) | -5.8% | -17.8% |

## Sources

- ttnews.com: https://www.ttnews.com/articles/tolls-regulations-bunker-fuel-costs-could-vex-industry

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.