Neksperfect/fuel-price-trend-analysis

Time-series analysis of fuel price trends, volatility patterns, and economic impact insights using Python in Nigeria (2021–2024) # Fuel-price-analysis Exploratory analysis of fuel prices in Nigeria (2021–2024) # Fuel Price Analysis in Nigeria (2021–2024) Welcome to one of the most pressing questions in Nigeria’s economy: **Why do fuel prices keep rising — and what’s really behind them?** This project dives deep into 2+ years of Nigerian fuel pricing data to understand the forces shaping what we pay at the pump — including inflation, global oil prices, and the aftermath of subsidy removal. ## What This Project Covers - National fuel price trends before and after the **June 2023 subsidy removal** - Correlation between **fuel prices and inflation (CPI)** - Comparison with **Brent Crude oil prices** to test if global markets drive local prices - Regional disparities — which states pay the most (and why) - Real fuel price (adjusted for inflation) vs. nominal pump price Real vs Nominal ## 🔍 Key Insights - Fuel prices surged **over 200%** in just 2 years. National Fuel Price Trends *Figure: National average fuel price over time* - Strong correlation with **CPI (r = 0.91)** — fuel is a top inflation driver in Nigeria. Fuel vs Inflation Fuel vs CPI - Surprisingly **weak (even negative)** correlation with **Brent crude** — meaning our fuel prices follow local forces more than global ones. Brent vs Fuel Price ## Tools & Tech Stack - **Python**: pandas, seaborn, matplotlib, numpy - **Power BI**: For interactive dashboards and storytelling visuals - **Data Sources**: - National Bureau of Statistics (NBS) - TradingEconomics - Macrotrends.net 📊 View the notebook ## Sample Visualization Power BI Dashboard Download the .pbix file ## What You’ll Learn - How to clean and structure real-world economic data - How to integrate multiple data sources: local + global - How to interpret time-series & correlation trends - How to visualize policy effects (e.g., subsidy removal) using data ## Let’s Talk Got ideas for more angles (like FX, refinery output, logistics costs)? Want to collabo …