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Old 03-01-2019, 08:13 PM   #1 (permalink)
redneck
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Geo XL1 - '94 Geo Metro
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Get ready to pay more at the pump...

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Everything thing you purchase will be affected.



The biggest change in global fuel regulations since leaded gas went away could cause price shocks


https://www.cnbc.com/2019/03/01/bigg...se-prices.html


Quote:
On Jan. 1, 2020, the International Maritime Organization (IMO) will enforce new emissions standards designed to significantly curb pollution produced by the world's ships.

Under a new international shipping rule, the big ships that travel the world's oceans must switch from high sulfur sludge-like fuels to lower sulfur fuel or find a technological solution by Jan. 1.

That means ships, burning an estimated 3 million barrels a day, need to move to a different fuel type, putting them in direct competition for fuel with truckers, owners of heavy equipment, railroads and airlines.

Analysts say it's unclear how high prices could go and how long the disruption could last as the industry adjusts to the changes and refineries alter their output.

Click on the link for the full story.

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