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Oil price warning: 92-grade gasoline fell by 0.36 yuan for the second consecutive time, and the upward trend collapsed. The price will be adjusted on August 22

2024-08-20

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Oil price warning: in the domestic refined oil market, as we enter late August, the countdown to the fourth oil price adjustment in the second half of the year has begun. According to market feedback, refined oil has ended the trend of three price adjustments since the third quarter. In particular, in the previous two oil price adjustments, domestic refined oil has ushered in a "two consecutive declines" trend!

It is reported that in early July, international oil prices hit a temporary high point, among which WTI crude oil price rose to 83.88 US dollars per barrel. Due to the slowdown in domestic economic growth in the second quarter, crude oil imports continued to decline, and the market's concerns about weak energy demand intensified. In late July, gasoline and diesel prices fell by 145 yuan and 140 yuan per ton, and on August 8, gasoline and diesel prices fell by 290 to 305 yuan per ton. After two consecutive oil price cuts, gasoline fell by 450 yuan per ton, equivalent to a price drop of 0.36 yuan per liter...

Today, the price of No. 92 gasoline has dropped by 0.36 yuan per liter for two consecutive times, and the quotations of gas stations across the country have basically reached the low level of the year. According to the analysis of institutional data, the price of No. 92 gasoline in most parts of the country is currently hovering between 7.7 and 7.8 yuan per liter. Only in a few areas such as Tibet and Hainan is the No. 92 gasoline in the "8 yuan era", while in most areas the No. 92 gasoline has fallen into the "7 yuan era"!