After the implementation of this round of domestic refined oil retail price increase policy, residents' short-term travel costs will increase slightly. Take a family car with a fuel tank capacity of 50L as an example. If you fill up a box of 92 # gasoline, 4 yuan will rise by about 20%.
This price increase is the seventh price increase of 202 1. After the implementation of this policy, the annual cumulative increase of gasoline and diesel oil per ton is 1005 and 970 yuan respectively. After converting into price increase, the cumulative increase of 92 # gasoline and 0 # diesel is 0.8 1 yuan and 0.8 1 yuan respectively.
The price of refined oil in May will be adjusted at 24:00 on May 28th.
International oil prices may face adjustment. The next round of refined oil price adjustment is stranded, and the downward adjustment is expected to coexist.
Gao Qingcui, a refined oil analyst at Zhuo Information, said that during this pricing cycle, the market was worried that the deterioration of public health events in India would depress oil demand, and the global stock market was frustrated, which led to downward pressure on international crude oil. However, favorable factors such as the decline in US crude oil inventories and the increasing optimism of global economic recovery support the strong operation of international oil prices. The measured change rate of domestic crude oil fluctuated upward in the positive range, but the boost to the domestic refined oil wholesale market was limited.
After the May Day holiday, domestic gasoline entered a period of stable demand, and there was no incremental demand for gasoline, which led to terminal replenishment and small orders on demand. However, diesel oil is affected by frequent rainy weather in the south, high social inventory pressure and fishing moratorium. Domestic diesel terminal consumption is limited, and the motivation for diesel price increase is insufficient. Therefore, in this pricing cycle, the wholesale and retail price difference of domestic main gasoline and diesel in Shandong Province kept a narrow range, and the wholesale and retail price difference of diesel was better than that of gasoline.
According to industry insiders, the monthly report of the Organization of Petroleum Exporting Countries is optimistic about global demand. Although India still faces great problems, the growth led by China and the United States can completely offset the decline in Indian demand. Moreover, the monthly report of the Organization of Petroleum Exporting Countries is not optimistic about the crude oil output of the United States next year, and the contribution of the United States to the supply side will not be too great, which further highlights the pulling effect of the demand side on crude oil prices.
Six days after the closure of the largest fuel pipeline in the United States, the annual center of gravity of oil prices will continue to move up.
In the news, the largest fuel pipeline system in the United States resumed operation on Thursday (May 13) after being closed for six days, transporting part of the first batch of millions of gallons of gasoline. This serious cyber attack has caused fuel shortages in the east coast States. According to two people familiar with the matter, ColonialPipelineCo paid a ransom of nearly $5 million to hackers in Eastern Europe last Friday. On Thursday, the ColonialPipeline said it had begun to provide some fuel to most areas along the 5,500-mile (8,850-kilometer) pipeline. Affected by this news, international oil prices weakened slightly. US crude oil once fell more than 4% on Thursday, hitting a new low of $63.09 per barrel in a week and a half.
Haitong futures Nenghua Group's crude oil research report mentioned that the economic data of the United States pushed up the market's expectation of raising interest rates, but the market also knew that it was unlikely that the United States would raise interest rates in a short time, so the US dollar index did not continue to rebound sharply yesterday after a day of sharp rebound. However, it also reminds investors that as long as market expectations still exist, the US dollar index may continue to rebound upwards, which will have a certain suppression effect on crude oil prices.
Guotai Junan Futures said that the sharp drop in US stocks last night led to a sharp drop in the oil price center. The recent surge in global commodity prices has caused great concern about inflationary pressures in the market. Although the Federal Reserve once again reiterated that it would not raise interest rates until inflation was higher than the target for a long time, the correction of US stocks still reflected the market's expectation of liquidity or early tightening under inflationary pressure. We have seen the continuous adjustment of energy and non-ferrous commodities at home and abroad. However, from the current point of view, the probability of the Fed raising interest rates in advance is still small, which means that there is no clear downward momentum for short-term adjustment, or more is a phased correction after the market over-allocation sentiment reaches a high point. At present, there is great uncertainty whether the overall optimistic market atmosphere has ended, and the long-term risk appetite of many commodities may be difficult to reverse. Back to the supply and demand side, the recovery of manufacturing or service industries in major economies in the United States and Europe still gives the market strong confidence in the recovery prospect of refined oil demand in the second quarter, which to some extent offsets the decline in demand caused by the worsening epidemic situation in emerging economies such as India, although the market has great differences on the pace of this recovery.
On the whole, although the risk of continued oil price correction in the second quarter has not been completely lifted, the possibility of deep decline continues to decline as time goes by. In the long run, the most important factor for the current recovery of crude oil demand is that with the gradual lifting of social isolation in the second half of the year, the global demand for jet fuel has rebounded sharply, and the center of gravity has continued to move up in a high probability throughout the year.
Million car purchase subsidy