# Airlines, trucking industry face sharp rise in fuel prices | CBC News

> Canadian reporting says the IMO 2020 sulfur limit for marine fuel will push many ships to switch to diesel, potentially producing the strongest-ever diesel demand. A CIBC analyst expects diesel prices to rise around 30% or more, which could raise airfares and inflation.

- Date: 2018-10-29 · published 2018-10-29T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/62737-airlines-trucking-industry-face-sharp-rise-in-fuel-prices-cbc-news
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expected diesel demand from ship fuel switching would raise the cost of trucking and farm inputs, adding to feed logistics costs.

## Read by commodity

- WTI: neutral
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-05-08 | [How trucking can mitigate risks of IMO 2020 marine fuel rule - FreightWaves](https://feedsoft.ai/events/59257-how-trucking-can-mitigate-risks-of-imo-2020-marine-fuel-rule-freightwaves.md) | +1.1% | -12.7% |
| DIESEL | 2026-07-09 | [Russia Diesel Export Ban: Price Impact & Trade Shifts Russia's diesel export ban adds fresh fuel to rising prices \| Kpler - Jul 09, 2026](https://feedsoft.ai/events/12181-russia-diesel-export-ban-price-impact-and-trade-shifts-russia-s-diesel-export.md) | +7.7% | +3.3% |
| DIESEL | 2018-08-15 | [Truckers Asleep at the Wheel as Diesel Price Shock Creeps Closer - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/63728-truckers-asleep-at-the-wheel-as-diesel-price-shock-creeps-closer-energy-news.md) | -0.2% | +6.2% |
| DIESEL | 2018-09-20 | [Diesel prices may 'significantly' increase next year \| Fleet News](https://feedsoft.ai/events/63224-diesel-prices-may-significantly-increase-next-year-fleet-news.md) | +2.8% | +3.2% |
| WTI | 2016-11-30 | [CPO Price Picking Up In Riau In The Past 6 Months - ANTARA News Riau](https://feedsoft.ai/events/10935-cpo-price-picking-up-in-riau-in-the-past-6-months-antara-news-riau.md) | +12.5% | +19.3% |
| WTI | 2017-07-10 | [Asian Truck News and Magazines - Green Fuel for Cleaner Tomorrow](https://feedsoft.ai/events/69837-asian-truck-news-and-magazines-green-fuel-for-cleaner-tomorrow.md) | +5.2% | +12.0% |
| WTI | 2019-05-01 | [Oil prices mixed as talk of extending OPEC cuts faces rising U.S. supply](https://feedsoft.ai/events/59238-oil-prices-mixed-as-talk-of-extending-opec-cuts-faces-rising-u-s-supply.md) | -3.8% | -7.6% |

## Sources

- cbc.ca: https://www.cbc.ca/news/business/imo2020-marine-shipping-diesel-jet-fuel-1.4880166

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