September 4th news
This gasoline price daily report is based on the latest spot price data up to September 3, 2026, and uses mean difference analysis to determine that the current gasoline price is in a strong consolidation phase with a bias towards upward movement. The price has reached a high point in the 1-year cycle, and the room for further increases is limited. Recently, supported by the continuous rise in international crude oil prices, the quotations for refined oil products from Chinese local refineries have been continuously increasing. Attention should be paid to the impact of subsequent U.S. gasoline price adjustments and changes in the supply side on the market trend. The latest available data is up to September 3, 2026, and it is recommended to refer to real-time data.
Post-correction gasoline market analysis content
1. Average Deviation Change Table
| Average Difference Type | Value as of September 3, 2026 | Value as of September 2, 2026 | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 284.12 | 327.80 | - |
| 10-day Average Difference (D10) | 194.29 | 136.06 | + |
| 20-day Average Difference (D20) | 225.54 | 216.91 | + |
2. Signal Status Determination
Strong consolidation (bullish)
3. Trend Direction Conclusion
Oscillation. Reason: The directions of the three differences compared to the previous day are not completely consistent, which meets the criteria for oscillation, and the combination of signs is (－, ＋, ＋), indicating a strong consolidation with a bullish bias.
4. Position Space Reference
Currently, gasoline prices over the 60-day, 3-month, and 1-year periods are all at high levels, placing them in the fifth percentile—position number 5—leaving limited room for further increases.
5. Trend Chart Display
6. Fundamental Reference Information
Positive Support: From August 31 to September 3, international crude oil futures posted consecutive gains. WTI crude oil rose from a high of $83.4 per barrel to a high of $91.01 per barrel, while Brent crude oil climbed from a high of $88.1 per barrel to a high of $95.63 per barrel, driving continuous upward adjustments in refined oil prices quoted by Chinese independent refineries. On September 3, the price range for 92# gasoline in Northeast China was between 9,600 and 9,700 CNY per ton, up 500 CNY per ton from August 31; in Northwest China, the price range for 92# gasoline was between 9,500 and 9,600 CNY per ton, up 400 CNY per ton from August 31.
Negative expectations: The U.S. Energy Secretary said that U.S. gasoline prices are expected to fall in the coming weeks, and the Ruwais refinery in Abu Dhabi has resumed full-capacity operations. The subsequent expectation of easing supply conditions could put downward pressure on prices.
Risk warning: The above analysis is for reference only and does not constitute trading advice.
