International oil prices fell sharply again on March 16th, WIT crude fell to $96 / BBL (live check oil prices) and Brent crude fell to $99 / BBL. In just nine days, the price of international crude oil fluctuated by nearly $40.
International oil prices continued their decline on the back of positive news that Russia and Ukraine will continue peace talks, Iran is preparing to return to the international energy market after concluding a nuclear deal with Iran, and the United States may lift the embargo on Venezuelan crude oil, CNBC quoted analysts as saying.
In addition, as the market continues to digest the impact of economic sanctions on Russia, the irrational factors that caused the rise in international oil prices are diminishing. The more than 20 percent drop in U.S. and Brent oil prices from their recent highs has technically put them in bear market territory, market watchers said. The main reason for the decline is that investors have realized that European countries have not been able to completely decouple from Russian oil, and the volatility of international oil prices is gradually returning to rationality.
Thursday evening (24 o 'clock March 17), domestic refined oil retail price adjustment again opened, oil prices are expected to rise sharply again!
Data showed that as of March 15, the change rate of comprehensive crude oil varieties was 23.65%, and the oil price forecast was increased by about 1010 yuan/ton, unchanged from the previous day, keeping the increase stable, which translated into a price increase of about 0.81 yuan.
According to this calculation, a car owner will have to pay about 40 yuan more to fill up a 50 liter tank of 92 gasoline, and 95 gasoline will enter the 9 yuan era of running.
The final rise or fall of the National Development and Reform Commission to release the news shall prevail. The next round of oil price adjustment is: 24:00, March 17th, 2022!
As a result, long lines of cars formed at gas stations across the country from the evening of 16th. They all want to fill up their mailboxes before the price goes up.
Faced with rising fuel prices, many car owners are considering changing their modes of transportation. For someone like me, I can't even pedal to the ground while driving on the road. Driving anger also improved, and the car's gas mileage was the lowest since buying a car.
Therefore, I believe that many car owners will consider new energy vehicles or other transportation tools. As someone said: now fill up a few times, you can buy a battery car or motorcycle. It's true that modern life is stressful and expensive. The gradual rise in oil prices has a knock-on effect. For example, transportation costs increase, production end and supply end of the cost increase, even life supplies climb. Still, life has to look forward. Just like that saying: cherish what is in front of you and live in the moment!
