Summary Box: Nigeria gas protest turns violent

AP News
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Posted: Jan 03, 2012 12:20 PM
Summary Box: Nigeria gas protest turns violent

FUELING ANGER: One man was killed at a demonstration protesting spiraling fuel prices in Nigeria amid signs of growing unrest over the government's hugely unpopular decision to end a subsidy program that kept gas costs down for more than 20 years. The government says it will use $8 billion in savings to make much-needed infrastructure improvements.

PUMPED UP PRICES: Gas pump prices have more than doubled, to about $3.50 a gallon. In Nigeria gasoline is used not only to fuel cars, but to run generators that keep many businesses operating in a country with frequent power blackouts.

LOTS OF OIL, LOTS OF IMPORTS: Nigeria, an OPEC member nation producing about 2.4 million barrels of crude oil a day, is a top supplier to the U.S. virtually all of its petroleum products are imported after years of graft, mismanagement and violence at its refineries.