Diesel's already $.50/gal. higher then reg and according to this article it's poised for another $.65 rise in '20. With a 35% price premium for fuel, a $4k price premium over sticker price and a mere 20% best case MPG increase what's Mazda going to do with this inventory? They're going to need about a $10k rebate incentive to move them and then pull the plug.
Hate to see such a large failure for a small manufacturer like Mazda.
And the change is coming quickly: On Jan. 1, 2020, the International Maritime Organization will implement a cap on global sulfur emissions for marine fuels, causing many ship operators to switch from the high-sulfur bunker fuel oil they use today to more environmentally friendly fuels, such as marine gas oil and very low-sulfur fuel oil.
Ship operators can also opt to install scrubbers on board to remove sulfur from heavy fuel or convert ships to burning liquid natural gas, but both these options are more expensive and difficult than simply switching to a low-sulfur fuel.
Therein lies the potential worry for operators of turbine aircraft (and owners of diesel vehicles) as refiners struggle to meet the massive production demand for low-sulfur maritime fuel.
As the IMO 2020 rule causes ship operators to abandon heavy fuels in favor of distillate fuels (which constitute diesel and jet-A), prices are expected to rise sharply, and immediately. The U.S. Energy Information Administration has predicted a rise of 65 cents per gallon for diesel after Jan. 1, 2020.
Hate to see such a large failure for a small manufacturer like Mazda.
And the change is coming quickly: On Jan. 1, 2020, the International Maritime Organization will implement a cap on global sulfur emissions for marine fuels, causing many ship operators to switch from the high-sulfur bunker fuel oil they use today to more environmentally friendly fuels, such as marine gas oil and very low-sulfur fuel oil.
Ship operators can also opt to install scrubbers on board to remove sulfur from heavy fuel or convert ships to burning liquid natural gas, but both these options are more expensive and difficult than simply switching to a low-sulfur fuel.
Therein lies the potential worry for operators of turbine aircraft (and owners of diesel vehicles) as refiners struggle to meet the massive production demand for low-sulfur maritime fuel.
As the IMO 2020 rule causes ship operators to abandon heavy fuels in favor of distillate fuels (which constitute diesel and jet-A), prices are expected to rise sharply, and immediately. The U.S. Energy Information Administration has predicted a rise of 65 cents per gallon for diesel after Jan. 1, 2020.