Today is Sunday, July 3, 2022. After the latest oil price adjustment across the country, gas stations in various places released diesel and gasoline price information today. International crude oil prices stopped falling for two consecutive weeks. The three major crude oil prices rebounded across the board this week. The price of London ICE Brent crude oil increased by 2.18%. The price of US crude oil futures in New York NYMEX rose slightly by 0.78%. Shanghai International Energy Trading center INE crude oil futures main contract SC2208 rose 5.73% this week. Will our domestic refined oil prices continue to rise along with crude oil prices?
Why may the result of our domestic oil price adjustment be "If crude oil rises, I will not rise, but I will lower the price"?
Although international oil prices have risen sharply by more than 2% this week, according to the current refined oil price formation mechanism, it is expected that the result of this round of domestic oil price adjustment will be a decrease of 75 yuan per ton of gasoline and diesel prices. According to financial information, it is converted into the retail oil price of gas stations. The price of diesel and gasoline per liter has dropped for two consecutive years, from 0.06 yuan to 0.07 yuan.
caused this result because the previous crude oil price fell sharply for two consecutive weeks, but we calculated the average price, and the accumulated part of the expected decline was reflected in this round of oil price adjustment.
Youliu Finance reminds car owners and friends that there are still nine days until the specific time of this round of oil price adjustment at 24:00 on July 12. We need to continue to observe the subsequent crude oil price performance in the international market. If Brent crude oil prices stabilize at US$110/ Barrel or above, this time the domestic oil price decreases and will come to nothing, and it will even usher in the 11th oil price increase this year!
Will oil prices continue to rise in the future?
Some financial institutions have noticed that some analysts from financial institutions predict that oil prices will continue to rise sharply this year. JPMorgan Chase analysts believe that international crude oil prices will rise to more than 190 US dollars per barrel, and in extreme cases will rise to 380 US dollars!
If crude oil prices really rise to the $190 level as expected by analysts at International Investment Bank, there is good news and bad news.
The bad news is that under the linkage mechanism of domestic and foreign oil prices that "when crude oil goes up, so will the price increase", domestic diesel and gasoline prices will rise sharply following the price of crude oil, and we car owners need to bear the pain of high oil prices.
The good news is that the National Development and Reform Commission has clarified that when the price of crude oil in the international market exceeds 130 US dollars, petroleum company gas stations such as PetroChina and Sinopec will no longer raise the price of domestic refined oil for a total of 2 months. This is us The “ceiling price” for domestic oil price adjustment.
Today’s oil price analysis from Youlao Finance (July 3, 2022).
Crude oil prices surged higher this week and fell back , with Brent oil rising and US oil rising slightly.
Although the crude oil market investment institutions are full of expectations that the Organization of the Petroleum Exporting Countries OPEC will start to increase crude oil production next week to curb high oil prices, it is expected that OPEC has insufficient capacity to increase oil production, and it will be difficult to further expand oil production in the future.
Coupled with the tense situation between Russia and Ukraine and the important oil-producing country Libya, and the lack of progress in Iran nuclear negotiations, these factors are good for oil prices.
The negative factor is that in the context of global central bank interest rate hikes and the slowdown of the world economy, it has put heavy pressure on global oil prices.
From the perspective of technical analysis, some financial sources believe that oil prices are more likely to fluctuate and rise next week. Brent crude oil prices have rising resistance levels at $120 and $125, and falling support levels at $106 and $100.
If Brent crude oil prices rise to US$120 per barrel next week, our car owners need to be mentally prepared for the first oil price increase in the second half of the year on July 12.
Today, July 3, the diesel and gasoline price information at gas stations across the country after the latest oil price reduction is for the reference of car owners only.
pays attention to Youlao Finance and keeps abreast of the latest oil price adjustment dynamics and oil price analysis every day.
Today's oil price information in Guangdong: On July 3, 2022, the price of No. 92 gasoline in Shenzhen and Foshan today is 9.09 yuan/liter, the price of No. 95 gasoline in Foshan and Shenzhen today is 9.84 yuan/liter, and the price of No. 0 gasoline in Shenzhen and Foshan today is 9.84 yuan/liter. The price of diesel is 8.78 yuan/liter.
Today's Jiangsu oil price information: On July 3, 2022, Suzhou , Wuxi Today's No. 92 gasoline price limit is 9.03 yuan/liter, today's Wuxi and Suzhou No. 95 gasoline price limit is 9.61 yuan/liter, today Suzhou, Wuxi The price limit for No. 0 diesel is 8.73 yuan/liter.
Today's Shaanxi oil price information: Today's No. 92 gasoline price in Xi'an and Baoji on July 3, 2022 Today's No. 92 gasoline price is 8.94 yuan/liter, today's No. 95 gasoline price in Baoji and Xi'an is 9.45 yuan/liter, today's No. 0 diesel price in Xi'an and Baoji It is 8.65 yuan/liter.
Today's oil price adjustment information: On July 12, domestic refined oil prices will be adjusted within the range of oil price reductions. It is expected that the price of diesel and gasoline will decrease by 0.06 yuan to 0.07 yuan per liter.
Youfa Finance reminds car owners and friends that if international crude oil prices continue to rise, the adjustment direction of domestic refined oil prices may change from downward to upward.
