Key distillate prices

Diesel Fuel News, March 18, 2002

Key Distillate Prices ($/Gal)

                Low Sulfur  High Sulfur

New York

Spot                  0.65         0.64
Rack No. 2            0.69         0.68
Rack No. 1            0.78          n/a
Futures (Apr.)         n/a         0.66

Houston

Spot                  0.64         0.61
Rack No. 2            0.66         0.64
Rack No. 1            0.76          n/a

Chicago

Spot                  0.67         0.67
Rack No. 2            0.68         0.68
Rack No. 1            0.74          n/a

Los Angeles           CARB      Federal

Spot                  0.68         0.72
Rack                  0.74         0.70

Rotterdam

Spot                  0.66         0.64
IPE Futures            n/a         0.61

Singapore

Spot                   n/a         0.60

Note: Sulfur levels in New York, Chicago, Houston are low-sulfur
distillate for 0.05 wt% and 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]