Refined oil products fluctuate significantly during the adjustment cycle and may usher in a 'three consecutive declines'

According to market forecasts, today may be the fourth working day of a new round of domestic refined oil price adjustments. It is currently expected that the price of refined oil will be reduced by 5 yuan/ton. Although the reduction is 15 yuan/ton higher than the previous working day, it has not yet reached the red line for reduction, so oil prices are still stranded.

During this adjustment cycle, domestic refined oil prices have seen relatively large changes. It initially fell, then entered stranded territory, and then turned up. However, on May 22, it turned from rising to falling again. At present, although the range of oil price changes is still within the stranded range, the probability of oil prices rising has been reduced, and international oil prices may fall further. This means that domestic refined oil prices are likely to fall for three consecutive times.

ITBEAR Technology Information reports show that the trends of U.S. crude oil and Brent crude oil showed an inverted V shape last week. Among them, U.S. crude oil plunged in U.S. trading, erasing all gains in the day, and finally fell 0.29%, quoted at $71.93 per barrel; while Brent crude oil fell back to about $75, down 0.24%. The price is US$75.89/barrel. As of May 22, international oil prices were temporarily in a downward trend.

Since this year, domestic refined oil prices have experienced 10 adjustments. After the gains and losses offset each other, the oil prices of gasoline and diesel have been reduced by a total of 170 yuan/ton and 165 yuan/ton respectively, which is a reduction compared with the beginning of the year.

It is worth mentioning that at 0:00 a.m. on May 17, domestic refined oil prices underwent a new round of adjustments, with gasoline lowered by 380 yuan/ton and diesel lowered by 365 yuan/ton. Calculated based on national average data, No. 92 gasoline will be reduced by 0.30 yuan per liter, No. 95 gasoline will be reduced by 0.32 yuan per liter, and No. 0 diesel will be reduced by 0.31 yuan per liter. Assuming that the capacity of the car's fuel tank is 50 liters, the car owner will save 15 yuan by filling up a tank of No. 92 gasoline.

In general, domestic refined oil prices are still at a standstill and are expected to continue to decline. The trend of international oil prices plays an important role in changes in domestic oil prices. We will pay attention to changes in international oil prices and their impact on domestic refined oil prices in order to make response measures.

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