???? FREE Wealth Circle Class: https://clkdmg.site/campaign/track-su... --- In this video you will understand: ⬢ How is gasoline produced ⬢ Why is gasoline expensive? ⬢ How does inflation work? ???? Comment below what you think! ⚡ Relevant content ???? - What is success? • How to create a successful mindset... ???? - Ways to make money with games • How to make money playing video games? R$ - Why has the real depreciated so much? • Why has the real depreciated so much? ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ How is gasoline made? Starting with the basics, where does this chemical compound come from? In a very simplified way, gasoline is formed from petroleum. After it is extracted from the ground, refineries perform a chemical “treatment” on the petroleum until it is transformed into a different substance, which is petroleum derivatives. One of these derivatives is gasoline. It is important to note that the use of petroleum goes far beyond gasoline. It is widely used in the production of plastics, such as a Dollynho plastic bottle and cookie packaging. And because it is the raw material for practically everything we produce, or at least the raw material to produce other raw materials that we produce, that is what makes petroleum one of the most valuable commodities on the planet. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Supply and demand for oil Oil is the basis of practically the entire global production chain and the essential resource for economies to function properly. Any imbalance in the supply of oil, whether because there is too much available on the market or because there is too little, impacts the cost of producing practically everything on the planet. And what is happening in the world now is that the supply of oil is below market demand. In other words, global oil production is less than the need that countries have for this oil. By the law of supply and demand, oil prices rise. To be clear: imagine that today, 10 people want to buy 1 bag of rice each, and there are 10 bags of rice available, so everyone can buy the rice they need. Now, if tomorrow the number of bags of rice drops to 8, and the 10 people still want at least 1, then whoever wants the bag of rice will have to pay more for it. Result: whoever has more money will get what they need. The old and universal law of supply and demand acting on the markets... But, when it comes to oil, this imbalance between supply and demand impacts the entire world! ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ What influences whether there is a small or large supply of oil? What will determine is the amount of liters of oil that will be extracted from the wells or the amount of liters of oil that the companies controlling these deposits can and want to extract. To give you an idea, half of the world's oil production is controlled by a group of 13 countries that form an organization called OPEC. This organization was created in the 1970s with the aim of confronting the market dominance of oil companies from rich countries, such as the American Chevron and the European Shell. One of these 13 countries that founded OPEC is Saudi Arabia, which alone supplies 11% of the barrels of oil in circulation in the world. What happened is that, when the pandemic broke out, the demand for oil fell because the economy slowed down. As a result, many people who started working from home no longer spent as much on fuel and factories that use petroleum derivatives to produce their goods also slowed down, since the companies or people for whom they produced were consuming less. As a result, the price of oil began to fall and oil producing companies did what would be obvious: they reduced production, or, in other words, reduced supply. However, with the advance of vaccination and the return to normal activities, the demand for oil increased again, but the supply remained lower. Consequence? The same as always. If demand is greater than supply, the price increases. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ In addition to demand, we have several other factors that have contributed significantly to the increase in the price of gasoline here in Brazil, especially: ⬢ Devaluation of the real against the dollar ⬢ Low quality of Brazilian oil ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Our social networks ???????? ???? Insta Jovens de Negócios: @jovensdenegocios ???? Insta Breno: https://bit.ly/2SS4JZE