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Tomorrow (August 8) 24:00,Domestic gasoline and diesel prices will usher in a window for price adjustment.Judging from the current trend of international oil prices,Oil prices are likely to see their biggest drop this year tomorrow night.

According to Jinlianchuang's calculations, as of the ninth working day on August 7, the average price of the reference crude oil variety was US$77.31 per barrel, with a change rate of -5.98%. The corresponding domestic gasoline and diesel retail prices should be reduced by 275 yuan per ton. If converted to per liter, the reduction range is between 0.22 yuan and 0.24 yuan, which is more than 20 cents. A private car can save about 11 yuan by filling up a tank of gas (calculated as 50 liters). The specific reduction range depends on the performance of international oil prices on the last working day.

According to Jinlianchuang's analysis, during this round of price adjustment cycle, although factors such as Russia's plan to cut crude oil production and the re-tension of the situation in the Middle East have supported oil prices, on the other hand, due to the poor non-farm employment data released by the United States in July and the rising unemployment rate, the market is worried that the US economy will enter a recession and affect the global economy. In addition, China's crude oil imports and processing volume have decreased, and international market expectations for crude oil demand have weakened, and international oil prices have continued to fall.

Currently, both New York and Brent crude oil futures have fallen below the $80/barrel mark. New York crude oil futures fell to a six-month low, and Brent crude oil futures fell to a low since the beginning of the year. At the close of trading early this morning Beijing time, New York crude oil futures were at $72.96/barrel, and Brent crude oil futures were at $76.11/barrel.

Source: Chao News