Distillate watch

Diesel Fuel News, July 8, 2002

DISTILLATE WATCH

Key Distillate Prices ($/Gal) July 2, 2002

New York         Low Sulfur  High Sulfur

Spot                0.69            0.68
Rack No. 2          0.72            0.70
Rack No. 1          0.79             n/a

Houston

Spot                0.66            0.65
Rack No. 2          0.68            0.67
Rack No. 1          0.78             n/a

Chicago

Spot                0.70            0.69
Rack No. 2          0.72            0.70
Rack No. 1          0.78             n/a

Singapore

Spot                n/a             0.65

Futures Markets

NYMEX (Aug)         n/a             0.69
IPE (Jul)           n/a             0.66
Los Angeles  CARB  Federal

Spot         0.73     0.71
Rack         0.75      n/a
Rotterdam  ULSD  Low Sulfur

Spot       0.72        0.69

Note: Sulfur levels in New York, Chicago, Houston are low-sulfur
distillate for 0.05 wt% and for high-sulfur 0.3 wt%. Both sulfur levels
are 0.05 wt% in Los Angeles. Sulfur levels in Rotterdam and Singapore
are 0.1 wt% and 0.3 wt% for low and high, respectively.

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