Key distillate prices September 26, 2003

Diesel Fuel News, Sept 29, 2003

Key Distillate Prices ($/Gal)
September 26, 2003

                    Low Sulfur     High Sulfur

New York
Spot                      0.76            0.73
Rack No. 2                0.79            0.74
Rack No. 1                1.06             n/a

Houston
Spot                      0.73            0.71
Rack No. 2                0.75            0.74
Rack No. 1                0.87             n/a

Chicago
Spot                      0.79            0.78
Rack No. 2                0.80            0.79
Rack No. 1                0.90             n/a

Singapore
Spot                       n/a            0.71

Futures Markets
NYMEX (Sep)                n/a            0.75
IPE (Sep)                  n/a            0.71

Los Angeles               CARB         Federal
Spot                      0.83            0.83
Rack                      0.86            0.78

Rotterdam                 ULSD      Low Sulfur
Spot                       0.7            0.79

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.

Pricing Sources: Reuters, DOE, Hart Publications

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