下一次调价窗口将在12月8日24时开启，今年国内油价有望创下新低。 2025年国内成品油价格调整的节奏已经清晰可见。截至11月24日，今年共进行了23轮调价，呈现出"跌7涨6搁浅"的格局。 本周初，国内油价刚刚完成了2025年的第23次调整，也是今年的"第10跌"。昨夜（11月25日）加油站油价下调0.05-0.06元/升，给车主们带来了一份小小 的"周末礼物"。 然而这波降价潮还未结束——新周期的油价调整刚刚开启，下降趋势便已锐不可当。截至11月26日，第二个工作日的统计数据显示，预计汽柴油下调幅度已 达90元/吨，折合每升油价下跌0.07-0.08元。 这一波国际油价下跌主要受两大因素影响。一方面，俄乌冲突出现停火信号，乌克兰已原则上同意美国斡旋的和平协议，地缘政治风险溢价随之降温。 另一方面，市场对全球能源供应过剩的担忧加剧，机构对美国经济前景信心不足，抑制了原油需求预期。 从累计效果看，这23轮调整后，汽油总计下降了690元/吨，柴油下降660元/吨，换算成车主们更熟悉的升价，比去年年底降低了0.54元/升以上。 纵观全年各月，油价走势呈现"跌多涨少"的特点。在已经过去的11个月中，有6个月油价下跌， ...

Core Viewpoint - The recent adjustment in fuel prices marks the end of a four-month decline, with gasoline prices increasing by 125 yuan and diesel by 120 yuan per ton, leading to a rise of approximately 0.1 to 0.11 yuan per liter at gas stations across various regions [1][3]. Price Adjustments - The latest price adjustment occurred on November 10, with gasoline and diesel prices rising after three consecutive increases in July [1]. - Current prices for 92 gasoline in Beijing are at 6.94 yuan per liter, while in Shandong, it is 6.91 yuan, and 95 gasoline is around 7.4 yuan per liter [1]. Historical Context - Since the beginning of the year, there have been 22 price adjustments, with 9 decreases and 7 increases, resulting in a cumulative decrease of 620 yuan per ton for gasoline and 595 yuan per ton for diesel [3][5]. - The average price of gasoline has dropped by approximately 0.49 to 0.52 yuan per liter, while diesel has decreased by nearly 0.5 yuan per liter [3]. Market Trends - The current oil price cycle, which began on November 11, is expected to see a new adjustment on November 24, with the market currently showing a negative change rate for crude oil [3][5]. - Recent fluctuations in international oil prices have seen WTI crude hovering between 58 to 61 USD per barrel, while Brent crude is between 62.7 to 65.2 USD per barrel [3][5]. Supply and Demand Factors - Concerns over the U.S. economic outlook and a potential decrease in energy demand have contributed to the decline in oil prices, alongside an increase in U.S. crude oil inventories [5]. - The market is also facing worries about oversupply due to OPEC's plans to increase production in December [5].