Key Distillate Prices : November 20, 2001

Diesel Fuel News, Nov 26, 2001

Key Distillate Prices ($/Gal)

November 20, 2001

New York

                Low Sulfur  High Sulfur

Spot                  0.53         0.53
Rack No. 2            0.56         0.55
Rack No. 1            0.70          n/a
Futures (Dec.)         n/a         0.54

Houston

                Low Sulfur  High Sulfur

Spot                  0.51         0.50
Rack No. 2            0.52         0.50
Rack No. 1            0.61          n/a

Chicago

                Low Sulfur  High Sulfur

Spot                  0.62         0.52
Rack No. 2            0.64         0.64
Rack No. 1            0.72          n/a

Los Angeles      CARB    Federal

                Low Sulfur  High Sulfur

Spot                  0.58         0.55
Rack                  0.59         0.57

Rotterdam

                Low Sulfur  High Sulfur

Spot                  0.66         0.50
IPE Futures            n/a         0.52

Singapore

                Low Sulfur  High Sulfur

Spot                   n/a         0.47

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.

[Graph omitted]