Originally Posted by
jungle
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.
And how many refineries have been closed in the last 15 to 20 years? Google it... 
Someone might have put this out there... Taking too long to read the whole thread...
Supply and Demand... You can make refineries only so much more efficient.