Advances in Economics, Management and Political Sciences

- The Open Access Proceedings Series for Conferences


Proceedings of the 2nd International Conference on Financial Technology and Business Analysis

Series Vol. 56 , 01 December 2023


Open Access | Article

Research on the Influencing Factors of Chinese Gasoline Price Fluctuation During the COVID-19 Epidemic

Chuhan Zhang * 1
1 Ranney School, Tinton Fall, 07724, New Jersey, USA

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 56, 119-123
Published 01 December 2023. © 01 December 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Chuhan Zhang. Research on the Influencing Factors of Chinese Gasoline Price Fluctuation During the COVID-19 Epidemic. AEMPS (2023) Vol. 56: 119-123. DOI: 10.54254/2754-1169/56/20231052.

Abstract

Gasoline is an important energy source in China, and the stability of its price lays the foundation for the country’s transportation and industrial development. Therefore, fluctuations in gasoline prices are directly related to the normal operation of the country’s transportation system and industrial production. Since 2020, during the COVID-19 outbreak, China’s gasoline prices have experienced huge abnormal fluctuations, which have affected the national economy. The purpose of this article is to study what factors have affected gasoline price fluctuations in China during the COVID-19 pandemic and how to solve the problem of excessive fluctuations. This article analyzes the fluctuation characteristics of gasoline prices in China from 2019 to 2023 and lists four factors that affected gasoline price fluctuations through qualitative research. For unexpected fluctuations like this, this article proposes two feasible suggestions, including formulating a stronger environmental protection policy and strengthening international cooperation based on oil exports to stabilize the price of gasoline.

Keywords

gasoline, COVID, price fluctuations, influencing factors

References

1. National Oil Price Data - Data Center , Oriental Fortune.com, data.eastmoney.com/cjsj/oil_city.html. Accessed 4 Sept. 2023.

2. Norouzi, Nima, et al. “When pandemics impact economies and climate change: Exploring the impacts of covid-19 on oil and electricity demand in China.” Energy Research & Social Science, vol. 68, 2020, p. 101654, https://doi.org/10.1016/j.erss.2020.101654.

3. Albulescu, Claudiu. “Coronavirus and oil price crash.” SSRN Electronic Journal, 2020, https://doi.org/10.2139/ssrn.3553452.

4. Wu Lei China (2020) “Analysis of the Oil Crisis and Its Impact Under COVID”, 10.19422/j.cnki.ddsj.2020.06.003

5. Zhang, Qi, et al. “Unveiling the impact of geopolitical conflict on oil prices: A case study of the russia-ukraine war and its channels.” Energy Economics, vol. 126, 2023, p. 106956, https://doi.org/10.1016/j.eneco.2023.106956.

6. Yuan, Xueliang, et al. “The development of New Energy Vehicles for a sustainable future: A Review.” Renewable and Sustainable Energy Reviews, vol. 42, 2015, pp. 298–305, https://doi.org/10.1016/j.rser.2014.10.016.

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
ISBN (Print)
978-1-83558-159-9
ISBN (Online)
978-1-83558-160-5
Published Date
01 December 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/56/20231052
Copyright
01 December 2023
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated