Maximum Surge! Domestic Oil Prices May Return to "9 Yuan Era" Tomorrow! After US-Israel-Iran Conflict, International Crude Oil Surges 50%, 9 Major Changes Impact Your Wallet

(Source: Bay Area Financial Media)

Oil prices surge, causing global tremors! At 24:00 on March 23, domestic oil prices will undergo a new round of adjustment. Many institutions predict that this round of price hikes is inevitable, with the increase possibly reaching a new high for the year. 95-octane gasoline may fully return to the 9-yuan era🔥. Filling up a tank could cost an additional 50–100 yuan.

Latest oil price news as of March 21, 2026: International oil prices are rising. U.S. crude oil prices increased by 2.66% to $98.09 per barrel, Brent crude oil rose by 4.37% to $112.49 per barrel. In a new 10-working-day statistical cycle, after 9 days of data collection, oil prices are expected to rise by 2,000 yuan per ton, which translates to an increase of 1.52–1.81 yuan per liter.

Today’s oil price update: On March 22, the 9th working day of the new oil price cycle, it is forecasted that gasoline and diesel will increase by 2,030 yuan per ton (the increase next Monday may further rise), equivalent to 1.62–1.77 yuan per liter.

These predictions are for reference only; please refer to the final announcements from the National Development and Reform Commission and local gas stations.

At 24:00 on March 23, domestic refined oil prices will see their sixth adjustment of the year. According to Zhuochuang Information, the increase on March 23 is estimated to be around 2,000 yuan per ton, marking the fifth increase this year and the largest so far. 92-octane gasoline, 95-octane gasoline, and No. 0 diesel will each rise by 1.73 yuan, 1.83 yuan, and 1.87 yuan per liter, respectively.

With this adjustment, the price of 95-octane gasoline nationwide will fully enter the “9-yuan era.” Based on a typical 50-liter tank, filling a tank of 92-octane gasoline will cost about 86.5 yuan more, and a tank of 95-octane gasoline will cost about 91.5 yuan more.

Previously, domestic refined oil prices have undergone five rounds of adjustments. Aside from the first round, which was suspended, the subsequent four rounds have all been increases. After this new adjustment, domestic oil prices will experience five consecutive rises, continuously increasing fuel costs.

Liu Ting, a refined oil analyst at Longzhong Information, stated that this round of price increases is now inevitable. From the supply side, the conflict between the U.S., Iran, and Israel shows no signs of easing. The Strait of Hormuz remains blocked, with only a few ships able to pass through. Oil-producing countries like Saudi Arabia have been forced to cut production, increasing supply risks and supporting higher prices.

“Global demand remains weak, and some institutions worry that escalating geopolitical conflicts could drag down the economy and oil consumption. The Federal Reserve is also unlikely to cut interest rates in the short term, and some even support rate hikes,” Liu Ting said.

After this price adjustment, household travel and logistics costs will rise significantly. Data from Zhuochuang Information shows that for private cars traveling 2,000 km per month with an average fuel consumption of 8 liters per 100 km, the fuel cost per vehicle will increase by about 138 yuan before the next price adjustment window (24:00 on April 7, 2026). For logistics, heavy trucks traveling 10,000 km per month with a fuel consumption of 38 liters per 100 km, the fuel cost per vehicle will increase by approximately 3,553 yuan.

9 Major Changes That Affect Your Wallet

Since the U.S.-Iran conflict, international crude oil prices have surged over 50% in three weeks📈. As of March 20, Brent crude has increased by 80% since the beginning of the year.

Rising oil prices—what does that have to do with me if I don’t drive? The surge in oil prices isn’t just about more expensive fuel. Airfare fuel surcharges are also rising, directly increasing travel costs; even your outdoor jacket is quietly getting more expensive… This wave of price increases has spread across the entire industry chain, affecting the textile industry as well. Industry insiders warn that the production costs of products like sun-protective clothing, quick-drying clothes, and yoga pants will be significantly impacted.

Crude oil is often called the “blood” of modern industry. When prices rise sharply, they become wallet assassins hidden in daily life🥷, quietly influencing our clothing, food, housing, and transportation through imported inflation. Here are nine changes that are closely related to everyone.

1️⃣ 🚗 Drivers feel the pain—filling a tank costs less in red tickets

2️⃣ 🚕 Taxis and ride-hailing services raise fares, fuel surcharges increase

3️⃣ 📦 Delivery and takeout costs rise, making delivery fees and products more expensive

4️⃣ 🥬 Grocery markets and breakfast shops quietly raise prices, making shopping baskets heavier

5️⃣ ✈ Fuel surcharges on airline tickets increase, significantly raising travel costs

6️⃣ 🧴 Raw materials for daily necessities like laundry detergent and plastic bags come from oil, and prices rise accordingly

7️⃣ 🧥 Synthetic fiber clothes, outdoor gear, and yoga pants rely on oil-based materials, so clothing prices go up

8️⃣ 💸 Rising costs across the entire industry chain lead to domino-like price hikes, shrinking your wallet

9️⃣ 📊 Financial markets fluctuate, with energy stocks and funds experiencing increased volatility

Rising oil prices aren’t a one-time big bleed but a gradual boiling frog—affecting every aspect from travel and dining to shopping, quietly draining your money, with the pressure ultimately falling on ordinary people.