Sudden surge in international oil prices Domestic gasoline and diesel prices are expected to decline in the short term

In the three trading days of this month, international oil prices reached a roller coaster. Following the collapse on October 4th, international oil prices suddenly surged on October 5. Among them, the price quoted on the London Intercontinental Exchange crude oil contract rose by 2.95%. Return to 100 US dollars / barrel, to close at 102.73 US dollars / barrel. According to China's refined oil pricing mechanism, domestic gasoline and diesel price adjustments in the short term are still hopeless.

According to China's refined oil (gas-diesel, etc.) pricing mechanism, when the international oil price changes for more than 4% of the moving average weighted average price for 22 consecutive working days, domestic oil prices may be adjusted accordingly. As of yesterday, the rate of change of international oil prices monitored by monitoring agencies was only about 1%, which meant that there was no hope of adjusting domestic gasoline and diesel prices in the short term.

According to China's refined oil pricing mechanism, drastic changes in international oil prices on a single day will not affect domestic refined oil pricing. The sudden soaring of international oil prices on October 5th ended the fall of international oil prices for three consecutive trading days.

International oil prices fell continuously from September 30 and fell to a new low on October 4. Among them, the price quoted on the New York Mercantile Exchange crude oil contract fell to US$75.67 per barrel to refresh the one-year low; London Intercontinental Exchange The quoted price of the main contract of crude oil** fell to US$99.79/barrel, and it closed below US$100/barrel for the first time since early February of this year.

In this regard, China Gas Station Network Editor Huang Shunjing said that in the near future, due to the European debt crisis and the U.S. economic outlook is uncertain, investors worried about the global economic downturn in crude oil demand, speculators have evacuated from the crude oil market, the international oil prices to maintain a downward trend.

As for the impact of changes in international oil prices on domestic gasoline and diesel prices, He Jieying, an analyst at the refined oil market of Treasury Island, an e-commerce platform for bulk commodities, introduced that due to the negative impact of the international oil price change rate, it is expected that the market price adjustment after the long holiday is expected to be brewed again. The wait-and-see atmosphere may have increased, "but whether such an expectation will come true is unpredictable."

In fact, so far, the maximum retail price of domestic gasoline and diesel has not been adjusted for six months in a row. Given the short-term domestic oil price adjustment is still hopeless, the prices of domestic gasoline and diesel wholesale markets are firm. He Jieying said that with the temperature dropping, the northern region began to prepare to replace the negative diesel, the domestic 0# diesel resources will be tightened in the short term, the overall resource situation is still not optimistic, the wholesale price of gasoline and diesel will remain high.