The oil price was the lowest in July and August of 2022, but this is the international oil price. Affected by the epidemic, many foreign enterprises stopped production, resulting in a decline in demand for crude oil, causing the global crude oil price to plummet. Many people in China play crude oil futures, and they owe money if they don't make money. 19909 1 year China has the lowest oil price, fewer motorcycles, fewer cars and less oil demand. The oil price is the lowest, estimated at two yuan a liter.