Why are gas prices so high?

Jcotton1

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Like whats the actual explanation? I can’t even take my kids to the park without taking out a loan :damn::damn::damn:!!!!


A year ago shyt was dirt cheap. How are we at 7 a gallon???


Did u count up the cost B4 having kids? A cost of living is what u signed up for being a family man . Hell 2016 You voted for this brotha. Hell going electric won't save you. With that being said I have no problem with gas prices.
 
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Ethnic Vagina Finder

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North Jersey but I miss Cali :sadcam:
Yep we saw that with hurricane katrina. Gas was never below $1.50 again.
Consumers are mindless zombies. This is a litmus test. People need gas because that’s how the current society has been built. Once they learn they can charge a certain amount with little to no pushback that’s all she wrote.

This also goes for new and used car prices.
 

Bunchy Carter

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Triple O.G. Bunchy Carter
Imagine not knowing you're this fukking stupid.

On the real...I know the petroleum industry pretty well

Work as a formulation chemist in the petrochemical field. Started out as a lab tech in the bio field.

I can answer the question easily, since I'm a Chemical engineer by profession and I can break down the civil and chemical engineering aspect easily in Nigeria, which is one part that can be learned. I can talk about the petroleum industry and the different type cracking is used, because Nigeria has a heavy oil industry, which can be learned. Nigeria is the largest producer of Oil in Africa

Types of Cracking
  1. FCC – Fluid Catalytic Cracking: It is mainly used in petroleum refiners. This process involves the conversion of high molecular weight, high boiling hydrocarbons into olefinic, gases, gasoline and other products.
  2. Hydrocracking: It is a catalytic cracking process, where it uses hydrocracking to break C – C bonds. Products produced by this process include diesel, jet fuel, and LPG.
  3. Steam Cracking: It is a petrochemical process that involves the breakdown of saturated hydrocarbons into smaller unsaturated hydrocarbons.
Thermal Cracking: It is a process that involves breaking of large non-volatile hydrocarbons into gasoline.

Nigeria facts and figures


Nigeria_rdax_72x46.jpg

Nigeria's Independence Day
01 October

The most populous country within OPEC, Nigeria has around 203 million inhabitants. Located on the Gulf of Guinea on Africa’s western coast, Nigeria covers an area of around 924 thousand square kilometres. Abuja, the capital since 1991, has a population of more than one million. English is Nigeria’s official language, although many local languages such as Hausa, Yoruba, Igbo and Ijaw are also spoken.

Apart from petroleum, Nigeria’s other natural resources include natural gas, tin, iron ore, coal, limestone, niobium, lead, zinc and arable land. The oil and gas sector accounts for about 10 per cent of gross domestic product, and petroleum exports revenue represents around 86 per cent of total exports revenue. Its currency is the naira.

Nigeria’s Head of State and Commander-in-Chief of the Armed Forces is HE Muhammadu Buhari. The country joined OPEC in 1971.

Did you know?

  • Conservationists say that Nigeria’s unique rainforest region is amongst the richest in Africa. The country is also home to numerous important game reserves, such as the Yankari and Kainji national parks.
  • Oil was first discovered in Oloibiri, in Nigeria’s Bayelsa State, in 1956.
Below data covers 2018



Population (million inhabitants)
202.990
Land area (1,000 sq km)
924
Population density (inhabitants per sq km)
220
GDP per capita ($)
2,056
GDP at market prices (million $)
417,410
Value of exports (million $)
63,020
Value of petroleum exports (million $)
54,513
Current account balance (million $)
5,334
Proven crude oil reserves (million barrels)
36,972
Proven natural gas reserves (billion cu. m.)
5,675
Crude oil production (1,000 b/d)
1,601.6
Marketed production of natural gas (million cu. m.)
44,250.8
Refinery capacity (1,000 b/cd)
446.0
Output of petroleum products (1,000 b/d)
33.1
Oil demand (1,000 b/d)
445.5
Crude oil exports (1,000 b/d)
1,979.5
Exports of petroleum products (1,000 b/d)
21.3
Natural gas exports (million cu. m.)
28,625.6


  • b/d (barrels per day)
  • cu. m. (cubic metres)
  • b/cd (barrels per calendar day)
via: OPEC : Nigeria

Nigeria is the largest oil producer in Africa, holds the largest natural gas reserves on the continent, and was the world's fourth-largest exporter of liquefied natural gas (LNG)

Petroleum and other liquids
Nigeria has the second-largest amount of proved crude oil reserves in Africa, but exploration activity has slowed. Rising security problems, coupled with regulatory uncertainty, have contributed to decreased exploration.


via: International - U.S. Energy Information Administration (EIA)
 

Pool_Shark

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I knew during Covid times it was too good to be true. These companies were going to the that money back under any means. Just god damn they really taxed people.

Hope I don’t get hate for saying this but I think any other president wouldn’t allow this to happen
 
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