Gas prices will rise again on June 14th. Can you still afford to drive?

I can’t afford to drive!

It must be said that high oil prices have made many drivers feel the pressure caused by rising oil prices.

Not long ago, I decided to fill it up before the price of oil increased. I excitedly went to fill the tank with gas. When I arrived at the gas station, the gas station attendant said casually: "There is no more 92-octane gasoline. You can fill up with 95-octane gasoline!" I was really helpless at first, which made me feel like abandoning my car and driving back.

Recently, I saw that the oil was low, so I went to refill it. I expected a discount, but the Oilers firmly stated that there was no discount. Well, I really can't bear it anymore.

So, I asked casually: per liter? 8 yuan and 8.8 cents! I believe many people like the data of 88, but do not expect it to be the price of oil. I really miss the past, when gas prices were four or five yuan, and I could always cherish it.

As we all know, oil prices have increased for the ninth time in 2022, and the price of No. 92 oil has increased by 9 yuan. Many people have no feelings about oil prices. Let me take Shanghai as an example. The average volume of a car is almost 70 liters. On the first day of this year, a full tank of gas cost around 385 yuan, but now it costs 630 yuan, which is 245 yuan more expensive.

This 245 yuan may not have much impact on me, but oil is the world’s energy source, which means that my logistics cost is 64%. The fuel cost of the logistics and transportation industry with low interest rates is 64%, then the cost of purchasing oil in my country will increase by 64%.

The total revenue from two barrels of oil in 2020 is about 4 trillion. If the market sales rate is 60%, just two barrels of oil will increase the oil price transaction here by 2.4 trillion. Of course, this part of the cost will gradually be shared among various fields and everyone.

It can be seen that the increase in oil prices is by no means as simple as it seems. The increase in upstream and downstream raw materials has eroded the profits of many companies. Nowadays, the rise in oil will certainly erode the profits of ordinary people. They buy the same thing, but their living expenses are gone.

No one should make fun of new energy electric vehicles or gasoline and diesel vehicles. After all, in an era of high oil prices, no one can live with a clear conscience.

Having said so much, my country’s crude oil imports are bulk trade in commodity futures. Although there are maximum and minimum ranges, when you trade, they are basically high. Oil prices have dropped, but the oil you bought before is still at the refinery and has not even been delivered yet. Once it's extracted, it's time to go in. Oil prices are high again. In fact, just like iron ore imports, the decision-making power is not in the hands.