May 30, 2022 24:00 oil price adjustment latest news, this round of oil price increases, domestic gasoline and diesel prices per ton rose 400 yuan and 390 yuan, corresponding to the price of oil rose 0.32 yuan / liter or so. Corresponding to the national average of the latest oil prices reference: 92 gasoline: 8.97 yuan / liter; 95 gasoline: 9.46 yuan / liter; 98 gasoline: 10.48 yuan / liter; 0 diesel: 8.66 yuan / liter.

3 at 24:00 on the 17th: oil prices down, specifically domestic gasoline and diesel prices per ton were reduced by 1015 yuan and 975 yuan.

The reason for the oil price cut is traced back to: due to the crude oil trade agreement between Saudi Arabia and Russia "broken", March 9, Saudi Arabia unilaterally and suddenly drastically increase production, price cuts in Europe and the United States "dumping" crude oil, resulting in a sharp fall in the price of crude oil.

Oil prices are soaring, entering the 10 yuan era! It costs 15 yuan more to fill up a tank of gas, how much have gas prices risen so far this year?

Gas prices have risen more than two dollars over the course of the year.

With gas prices soaring, we've quickly entered the $10 era. While many car owners would like to see a decrease in gas prices, the issue of gas prices itself is very dependent on the price of international crude oil, and because the price of international crude oil continues to rise, our gas prices continue to skyrocket. For residents, the cost of driving for residents will further increase. For many enterprises, the production costs of enterprises will also rise, so the goods produced by enterprises will also increase in price accordingly, all of which will further bring corresponding pressure on the residents' consumption.

Oil prices are on the rise again.

The price of refined petroleum products used in China is adjusted every once in a while to stabilize the price of oil. After the price adjustment, the price of No. 92 gasoline and No. 95 gasoline have exceeded 9.5 yuan and 10 yuan, the price also broke our oil price record, and many car owners feel very helpless, because the owners of a full tank of gasoline prices need to spend an additional 15 yuan.

Gas prices have risen more than two dollars this year.

If we look at each price adjustment alone, our gas prices generally go up by between $0.1 and $0.3 each time, which doesn't seem like much. In fact, however, our gas prices have gone through at least 11 increases in six months, and if all the increases are stacked and counted together, gas prices have risen by at least 30 percent, and the amount of the increase has reached two dollars.

There could be some ripple effects from higher gas prices.

Besides the cost of our residents' daily lives, the rise in oil prices may further increase the transportation costs of the logistics industry, and even raise the production costs of many factories. After this, the prices of the corresponding commodities will become more and more expensive, so the actual purchasing power of the residents will also become less and less. For this kind of situation, many people suggest that we further increase the amount of oil reserves, and at the same time appropriately reduce the domestic prices of refined oil products.

When will oil prices drop?

Currently carried out this year's 9th oil price adjustment, although this morning's closing international oil prices plunged 6%, but oil prices are expected to increase by only 5 yuan, as of the 6th working day of statistics, oil prices are expected to rise by 225 yuan / ton, equivalent to the price of a liter up 0.16 yuan / liter ~ 0.20 yuan / liter.
April 28, 2022 24:00 oil price adjustment latest news, this round of oil price increases, domestic gasoline and diesel prices per ton rose 205 yuan and 200 yuan, corresponding to the price of oil rose 0.16 yuan / liter or so. Corresponding to the national average of the latest oil price reference: 92 gasoline: 8.42 yuan / liter; 95 gasoline: 8.91 yuan / liter; 98 gasoline: 9.93 yuan / liter; 0 diesel: 8.11 yuan / liter.

National oil price cut! Can gas prices return to the $6 era?

In the experience of this year's domestic oil prices "ten up and one down", the international crude oil prices ushered in this year's rare "5 consecutive decline". Brent crude oil from 125 U.S. dollars / barrel of the highest point fell to 111 U.S. dollars / barrel, a record low oil prices since June, is expected to domestic refined oil prices in the next adjustment window will also usher in the year's second decline. Many people may be fantasizing that this is the beginning of the end, and oil prices may have peaked, and will soon turn down and return to the "6 yuan era".

Can gas prices return to the "$6 era"?

The answer is that a modest drop is possible in the short to medium term, but the probability is that it won't return to the $6 starting point.

First from the domestic point of view, to know, these years, the domestic oil price adjustment law is the international crude oil prices, domestic refined oil prices; international crude oil prices, the domestic refined oil prices will be a small price reduction or no price reduction.

Looking at 2008, the highest international crude oil prices went to $147, when the price of domestic refined oil products is only about 6 yuan per liter. Today, the international crude oil price is only to 120 dollars, but the domestic refined oil price has been to 10 yuan per liter sprint.

Why? Experts gave an authoritative explanation, not the current price of oil is too expensive, but because in 2008 when our domestic oil prices were too low, the domestic "three barrels of oil" are operating at a loss, they have to rely on the government's huge subsidies to live. That's why there was a later refined oil price adjustment mechanism, slowly let the domestic oil prices with international standards. Even so, today's "three barrels of oil" although the business situation has improved, but still on the verge of losses.

So, with the momentum of this round of rising oil prices, it is possible to make adjustments to the low domestic oil prices. Oil prices rise and fall is a normal market adjustment, can return to the "not too expensive" 8 yuan, 7 yuan era, but unlikely to return to the "ultra-cheap" 5 yuan, 6 yuan era.

From an international perspective, global inflation, the Federal Reserve interest rate hikes, Russia-Ukraine war and other factors are contributing to the international oil prices in the high run, there is a possibility of decline, but there is no return to the origin of the power.

The current international crude oil market, demand is greater than supply. After the outbreak of the Russian-Ukrainian war, Russia, an important oil-producing and exporting country, was forcibly expelled from the international bulk market, leading to higher international oil prices.

The United States, though rich in shale oil resources, once relied on shale oil to lower the international crude oil price ceiling to $120 per barrel. But the U.S. domestic inflation and interest rate hike pressure is currently high, so that shale oil producers simply do not have the incentive to go to the expansion of production, not to expand production can not stabilize the price of crude oil.

The brothers in the Middle East are waiting to see what will happen with their crude oil reserves in hand, and OPEC has yet to let up on its oil production cut program, waiting to talk terms with the other side of the Pacific.

Such a domestic and international situation conditions, want to domestic oil prices back to the 6 yuan era, unless there is a major change leading to a rapid and substantial reduction in global oil demand, as in 2020 when the epidemic first broke out, and then the international crude oil prices fell heavily, but this is obviously impossible.

But don't forget that there is a protection mechanism for our domestic oil price adjustments. When international oil prices are below $30, the domestic refined oil pricing mechanism triggers downward protection, meaning that even if crude oil prices continue to fall, domestic gasoline prices will no longer fall. Therefore, it is completely impossible for oil prices to return to the $6 era!

When will oil prices be adjusted

The next oil price adjustment is July 12, 2022.

April 28, 2022 at 24:00 oil price adjustment latest news, this round of oil price increases, domestic gasoline and diesel prices per ton rose 205 yuan and 200 yuan, corresponding to the price of oil rose 0.16 yuan / liter or so. Corresponding to the national average of the latest oil price reference: 92 gasoline: 8.42 yuan / liter; 95 gasoline: 8.91 yuan / liter; 98 gasoline: 9.93 yuan / liter; 0 diesel: 8.11 yuan / liter.

The price of oil also exists "ceiling price" and "floor price", of which the "ceiling price" is 130 U.S. dollars per barrel of crude oil, and the floor price is 40 U.S. dollars per barrel of crude oil, when the international crude oil price exceeds this range. When international crude oil prices exceed this range, domestic diesel prices will no longer be adjusted. Even if crude oil falls to $20-25 a barrel, domestic gasoline prices will remain between 5.5-6 yuan.

How many dollars will the price of refined petroleum products drop?

Currently carried out this year's 9th oil price adjustment, although this morning's closing international oil prices plunged 6%, but oil prices are expected to rise by only 5 yuan, as of the 6th working day of statistics, oil prices are expected to rise by 225 yuan / ton, equivalent to a liter price increase of 0.16 yuan / liter ~ 0.20 yuan / liter.
April 28, 2022 24:00 oil price adjustment latest news, this round of oil price increases, domestic gasoline and diesel prices per ton rose 205 yuan and 200 yuan, corresponding to the price of oil rose 0.16 yuan / liter or so. Corresponding to the national average of the latest oil price reference: 92 gasoline: 8.42 yuan / liter; 95 gasoline: 8.91 yuan / liter; 98 gasoline: 9.93 yuan / liter; 0 diesel: 8.11 yuan / liter.