Core Insights - On September 4, 2023, China's wholesale prices for gasoline and diesel both declined, with average wholesale prices for 92 gasoline at 7903 yuan/ton (down 5 yuan/ton) and diesel at 6797 yuan/ton (down 8 yuan/ton) [1] Market Overview - The decline in wholesale prices is attributed to a drop in international crude oil futures prices on September 3, leading to a narrowing of the average price change rate for a basket of crude oils, indicating a bearish market sentiment [1] - Market participants are adopting a cautious approach, resulting in limited transaction volume [1] Regional Price Changes - Gasoline prices increased in Hainan, while they decreased in Inner Mongolia, Shaanxi, Shandong, Anhui, Shanghai, Jiangxi, Fujian, Hebei, Shanxi, and Henan [1] - Diesel prices also rose in Hainan, but fell in Shaanxi, Fujian, Hebei, Shanghai, Beijing, Henan, Jiangxi, Shanxi, Tianjin, and Shandong [1] - In Shandong's independent refineries, gasoline prices slightly decreased, while diesel prices saw a more significant drop [1] Data Source - The wholesale price data is published by the China Economic Information Agency and the China Petroleum Economic and Technological Research Institute's "Energy Big Data Laboratory," in collaboration with the Shanghai Petroleum and Natural Gas Trading Center, reflecting the overall situation of China's gasoline and diesel wholesale market [1]