In the near future, the prospect of global energy supply is unpredictable, and the international oil price has dropped to a low level within the year. As a result, the domestic oil price may decline for the ninth time in the year on December 5, probably the largest drop since the second half of the year. At that time, 92 # gasoline in most regions of China is expected to return to the "7-yuan era". Since the middle of November, international crude oil has experienced a wide range of shocks. The rumor that the "OPEC+" composed of the members of the Organization of Petroleum Exporting Countries (OPEC) and non OPEC oil producing countries considered increasing production by 500000 barrels per day triggered a sharp drop in oil prices. However, the Saudi Energy Minister later denied the news of increasing production and said to continue the plan of reducing production by 2 million barrels per day. The international crude oil stopped falling back and walked out of the "V" line. After a short period of shock, some data once again showed signs of global economic slowdown. The superimposed epidemic situation became more severe, and market fears rose rapidly. International crude oil fell sharply, and WTI crude oil fell to the lowest price since December 2021. Later, the market speculated that "OPEC+" would continue to reduce production to support oil prices. International oil prices rose rapidly again, continuing a volatile trend, but the overall operation was at a low level. Under this circumstance, the retail price limit of domestic refined oil products is expected to be lowered. As of December 2 (Beijing time), the 9th working day of this round, Zhongyu crude oil had been appraised at 82.50, which was RMB 410/ton lower than the benchmark price of -7.00 or -7.12%. The change rate measured by Jinlianchuang is -7.96%, and the corresponding domestic retail price of gasoline and diesel should be lowered by 420 yuan/ton. According to the principle of "ten working days", the price adjustment window for domestic refined oil retail is 24:00 on December 5. Wang Shan, an analyst of Jinlian Chuang's refined oil products, said that in view of the recent rebound of crude oil, the final range of this round of price adjustment may be moderately narrowed, and it is estimated that the price will be reduced by about 410-420 yuan/ton, or 0.31-0.35 yuan in equivalent, probably the largest drop since the second half of the year. At that time, 92 # gasoline in most regions of China is expected to return to the "7-yuan era". Zhongyu information data shows that, up to now, the retail price limit of domestic refined oil products in 2022 has gone through 22 rounds of pricing cycles, including 13 increases, 8 decreases and one stranding. After the rise and fall offset each other, the increase in gasoline was 1470 yuan/ton, and the increase in diesel was 1415 yuan/ton. If this round of reduction is implemented, the price adjustment of domestic oil products in 2022 will be lowered for the ninth time in the year. Li Jiaying, an analyst at Zhongyu Information, said that after the implementation of the last round of domestic oil product downgrade, the domestic oil product market showed an obvious downward trend. After the traditional peak consumption season, the demand for gasoline and diesel has accelerated to decline, and the purchase and sales atmosphere in many regions is light and difficult to change. Most units choose to reduce the price of gasoline and diesel. As of December 1, Zhongyu Information monitored the wholesale average price of PetroChina and Sinopec in 30 major provinces, autonomous regions and cities in China, and found that the price of No. 92 gasoline was 8740 yuan/ton, down 293 yuan/ton from the end of the previous pricing cycle; Guoliu No. 0 diesel oil is 8825 yuan/ton, down 359 yuan/ton from the end of the previous pricing cycle. "In the future, the market's concern about the supply and demand side has gradually weakened, and the restoration of market confidence may help the international crude oil price to further recover. The future supply of gasoline and diesel is relatively full