1. How is gasoline priced
The price of gasoline has a direct impact on the cost of living, so how is it set?
In China, the pricing mechanism of refined oil products is formulated according to a series of acts, including the crude oil and refined oil price reform Plan released in 1998, product price and tax reform measures released in 2008, and subsequent adjustments. The adjustment methods of refined oil products in China are divided into government guided prices and government pricing - the government-guided prices include retail prices and wholesale prices of gasoline and diesel, and supply prices of gasoline and diesel to social wholesale enterprises and special users such as railways and transportation.
The price of gasoline determined by the government has four main components: the price of crude oil, related taxes, circulation costs, and a reasonable profit. In the government-guided pricing process, the government can set a ceiling and a floor per barrel of crude oil respectively to control the benchmark price of refined oil products. Typically, the government caps maximum retail and wholesale prices.
Retail oil companies can set their own retail prices, provided that the prices are not higher than the maximum retail prices for gasoline and diesel set by the government. Maximum retail and wholesale prices are adjusted every ten business days. Before each gasoline price adjustment, the National Development and Reform Commission will issue a gasoline price adjustment notice in advance.
Second, what is the cause of the increase in gasoline prices
The dependence of the world economy on crude oil (indispensable and difficult to replace) and the limitation of crude oil reserves and production make the price of crude oil very sensitive and volatile to the factors affecting supply and demand. The price of gasoline not only affects the fuel cost of the owner, but also a series of materials in daily life will increase with the price, so why will the car increase? What's behind the rise in oil prices?
1, because a large part of China's oil is imported from abroad, so the change of domestic oil prices is mainly affected by international oil prices. Under normal circumstances, the rise in gasoline prices is mainly related to the rise in international oil prices, which mainly lies in the growth rate of demand faster than the supply rate; In addition, speculation and market expectations in the crude oil market often increase the volatility of crude oil prices, which may also lead to higher oil prices. Since the epidemic, the main reason for the rise in gasoline prices is that, affected by the epidemic, a large area of overseas crude oil exploration work is sluggish, affecting the total supply, thus affecting the price.
2. On the other hand, part of China's oil price is related to taxes and fees. Changes in tax system or taxes will also affect the price of gasoline, such as increasing taxes will lead to rising oil prices.
3, another aspect is the market changes, market changes will also affect the oil price, the market mainly depends on the change of regional differences, some places where the population uses more oil, then the price of this place often higher oil prices.
Third, what is the impact of rising oil prices
The direct impact of rising oil prices is to increase the travel costs of owners, although now in the promotion of new energy vehicles, but gasoline vehicles are still the mainstream, oil prices rise slightly, travel costs will increase; Of course, this also has a certain beneficial impact, that is, some car owners will save fuel costs and switch to public transport, slowing down traffic congestion, is conducive to environmental protection.
The indirect impact of rising gasoline prices is to bring about rising prices, because transport vehicles are also burning gasoline, and the amount of refueling vehicles at every one or two hundred liters is more affected by oil prices, food, vegetables and other living materials transportation costs rise, will directly affect the price of the demand side.