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Research on the Influencing Factors of Chinese Gasoline Price Fluctuation During the COVID-19 Epidemic
- 1 Ranney School, Tinton Fall, 07724, New Jersey, USA
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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
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Cite this article
Zhang,C. (2023). Research on the Influencing Factors of Chinese Gasoline Price Fluctuation During the COVID-19 Epidemic. Advances in Economics, Management and Political Sciences,56,119-123.
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Volume title: Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
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