Originally Posted by
CPOonfinal
Exactly. I'm not sure the refining capacity of European countries but I would venture to say that it's considerably less than our capacity. That, in my opinion, is probably the reason their fuel prices are so high. Well, capacity and their tax structure.
I hope you didn't think I was being antagonistic towards you....I believe you and I are on similar if not the same page.
Not to worry, we are on the same frequency. In the EU and Asia the fuel price differential is almost entirely due to taxes.
The Texas refinery that blew up this week was constructed in 1928, 1928!
There has been zero refinery capacity built new in the US since the sixties.
Not to say these refineries haven't been updated, but capacity remains tight.