Free Motion for Summary Judgment - District Court of Federal Claims - federal

Case 1:02-cv-00465-ECH

Document 66-5

Filed 03/31/2006

Page 1 of 6

~v~v~: platfs.com
Friday, August 2005 26, Priceseffective August 2005 25, Volume / Number 83 165

Productshortage spreadsthrough eastern China
Hong Kong--A menacing shortage of gasoil and gasoline that has gripped China's southern Guangdong province since early August has now spread to the eastern province of Shandong, with someindependentretail stations in the majorcity of Qingdao being forced to close, market players said Aug 25. The shortage was a~ributed to tight supplies of products from the refiners in that region, observerssaid. The squeeze has been intensified by the ongoing QingdaoInternational Beer Festival in the city, which opened Aug 13 and has received about 5,000 visitors each day, putting pressure on the already short-supplied market. "Only few stations could supply 90 RON gasoline, and 44 independent retail stations had stopped operations," an observer said. Thefestival ends Aug28. Thereare 795 retail stations in Qingdao city, of which 323 belong to state-owned refiners Sinopecand PetroChina, and the rest to independent refiners. Theaverage retail consumption oil prodof ucts is around 3,000 mr/d, sourcessaid. Firm demand and short supplies have kicked up average 90 RON gasoline prices in Shandong Yuan 4.06/I to (50 cts/I), up 2.3%from the central government'sguidance price of Yuan 3.97/liter. China's National Development Reform Commissionsets "guidance" prices at the exrefinery, wholesaleandretail levels and allows market (Continuedon page13)

Hawaii to cap wholesalegaso[b~eprices Sep 1
Refiner Tesoro may move product to US West Coast in response typically among highest in the the USdue in part to lack of proximity to supply. Hawaii'scurrent average retail unleadedgasoline prices are $2.846/gal (regular), $3.010 (mid-grade) and $3.066 (premium), according to AAA,citing Oil Price InformationService. That compares a national averto age of $2.603/gal, $2.763/gal and $2.865/ga1. Both Chevronand Tesoro's refineries are on the island of Oahu,reducing transportation and storage costs associated well wholesale prices on that island. ThePUC'sSep1-4 wholesale unleadedgasoline price capsin central, heavily populated Oahuare $2.1578/gal (regular), $2.2078/gal (mid-grade) and $2.2478/gal (premium). Tile wholesale prices exclude associated taxes and subsequent retailer markups. The highest PUC wholesale gasoline price capsare for the relatively isolated island of Lanai, where the maximum wholesale (Continued page5) on NewYork, Singapore--The Hawaiian business environmentjust got tougher for Tesoroand Chevron, the islands' only two refiners, who will have to contendwith wholesale gasoline price caps starting Sep1. Hawaii'sPublic Utilities Commission Aug 24 introduced pretax wholesale price caps on gasoline sold throughoutthe state, in compliance with laws enacted by the state's legislature in 2002 and amendedin 2004. Tesoro, which producesgasoline at its 95,000 b/d Kapolei plant, has told Platts such a move could causeit to sell its product to the USWest Coast. Chevron, whose 54,000 b/d Honolulu refinery supplies 60% the of Hawaiiangasoline market, has said price capscreate a "hostile business environment." This is the secondHawaiian setback for Chevron this year. The US Supreme Court May 23 uphelda Hawaiilaw limiting rents oil companies charge service station dealers, rejecting Chevron's claim the rent cap is an unconstitutional taking of property. Tesoro and Chevronalso have to deal with a 2006ethanol mandate that has spurred the island's struggling sugar producersinto action. Chevronbackedexport of local ethanol production rather than an ethanol mandatefor gasoline it said wouldforce costly infrastructure upgrades. Meanwhile, the new minimum wholesale gasoline prices go into effect across the island state beginning Sep1, and will be adjusted on a weekly basis keyed off of five-day average spot gasoline prices in New York Harbor, the USGulf Coast and Los Angeles. Whilethe spot prices will fluctuate, the marketingmargin is cappedat 18 cts/gal. Hawaii gasoline prices are

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Case 1:02-cv-00465-ECH

Document 66-5

Filed 03/31/2006

Page 2 of 6

PRICES EFFECTIVE: 25 2005 AUGUST

OILGRAM REPORT PRICE

internationalcrude:Dubai,Tapisstrike upnew highs
Front-month Oct Dubai was assessedat a record high $58.25at the close of Asian trade Thursday, up $1.05 from Wednesday dsing and above$58.00for the first time since Platts beganassessing the grade in 1984. Oct Dubai physical partials closed, without any deals done, at $58.10-58.30(Phibro vs Koch)during the trading window Thursday.Therewas also no trades on Oct Oman partials, which closed at $59.32-59.40(Phibro vs Unipec). Meantime, falling regional demand has exerted pressure on PGsour crudes as prices moved lower in the latest deals. Formosa heard bought Oct Oman from BP at MOG minus 37-38 cts. Prices could fall further as amidsigns that CPC might not issue any buytender for Oct. That left the marketwith over six Oct cargoesof Oman,Qatar Marine and BananoArab Medium still unsold. Elsewhere,Hyundai heard bought Oct BanacoArab Medium from Shell at OSP minus90 cts, with the supplyglut seenpressurizing its price lower to OSP minus$1.00. Nippon Oil heard bought Oct LowerZakum less at than OSP plus 10 cts, belowthe last transacted level. A Japanese refiner heard boughtOct Murban at OSP plus 5-6 cts, while offers stayedat a high single-digit premium the OSP. to Front-month Tapis soaredto an all-time Oct high $69.63/bbl at Thursday'sAsian close, accordingto Platts data. Thegrade is a benchmarkoff whichlight, sweetcrudesin Asia-Pacific are pdced. The markerwasup 95 cts/bbl between 0930GMT Wednesday and the Asian close on Aug25 but marginally lagged the rise in Brent and WTIover the sametimeframe. Tapis' strengthcould be largely attributed to gains in Western indicators and the sharp recovery in naphthamargins, traders said. Far Eastcrudes pegged Tapis typically on contain a naphtha yield of 20-45% and, therefore, any change the naphtha/Tapis in relationship wouldsignificantly impact Tapis values, traders said. Thenaphtha/Tapismargin has narrowed $2.42 from minus $10.90 on Aug 1 to minus $8.48 on Aug 25. The paper market wasflushed with activity as traders took advantage of the directionally bullish overtones to resuscitate liquidity after severalmuted sessions. Oct Brent/Dubai EFSchanged hands repeatedly from $6.88 through to $6.72 only to claw back up to $6.75 on close. Some players venturedto take a stab far further along the curve with Dec'06 EFSheard dealt at $6.52. Dubaitimespreadswere locked in a thin range. Statoil took many the North Seamarket in by surprise by offering a Sop12-14Brent cargo in the market-on-close.Thecargo, parcel 0906, wasoriginally scheduledto load Sop17-19 but wasthe dates were brought forward sometime during the day as the Norwegian company oil attemptedto extract value in the current backwardation. Thecargo, which otherwise could

structure. Shell wasrumored be offering a to Forties cargo at Datedplus 100 cts/bbl, but this was unconfirmed. have beenpassedinto the chains, wasoffered Azeri wasseen supported at the current down Datedplus 45 cts/bbl. BP bid for the to level betweenDated plus $1.20-1.30/bb1. cargoat Octoberless 60 cts/bbl. Saharan seenslightly lower with an offer was Meanwhile, BP kept a Sop 15-17 Oseberg cargo, parcel 0907, that waspassed the in by Arcadia for a Sep 13-15 cargo downto Datedplus 20cts/bbl. Thetrading window for chains, leaving the majorwith three parcels of Saharan continued to provide focus for discusthe grade in a row (0905 and 0906) after picksion with a number marketparticipants sugof ing up Sop 11-13 and Sop 13-15 in the chains previously. Theforward curve continuedto softgesting that Saharan trading morein line is with the competitive Nigerian grades, which en with Sop 5-9 CFDweektrading as low as 0ct-56 cts in the MOC perception that both on already trade for October loading. Some Med Brent and Oseberg unsustainable at curare sources howeversuggestedthat in the Med trading maybe donefor earlier dates. No rent values. Although Oseberg was passedin trades were heard on CPC with values seen at the chainsrather than Brent, Statoil's Brent offer at Datedplus 45 cts set the Dated a wide range betweenminus 70 cts to minus $1.50/bbl. "Minus $1 is a very reasonable Brent/BFOassessment the weakest grade, as a at Datedplus 40 cts/bbl, or a fiat $65.85/bb1. level, until it getsweaker," trader said. Urals NWE seen headingfurther south was Versus October cash BFO, the market was Thursday healthy avails wereputting pressure as minus 8 cts. Oseberghas traded at Dated on differentials. Earlier in the dayvalueswere plus 50 cts/bbl twice this week,while traders said the value of Brent will be determined next seen aroundDatedminus$7/bbl, though in the aftemoon Vitol traded to Shell at Datedminus week on the unknown factor of whether there will be European demand whether the grade $7.20/bbl, Sep4-5 Primorsk,with the trade conor firmed by both parties. Gunvor offered in the will fall to arbitrage valueto the USGulf. BPis windowa cargo loading Sop 6-10 downto likely to offer at least oneof its Oseberg cargoes next week, sourcessaid, while another Dated minus $6.90/bbl with a 2 day laycan to be declared by the seller the latest by Sop1. sourcepegged the full conversion margins of Oseberg around40 cts/bbl better for Brent at At least one sourceindicated that refineries for their particular refining model.Othergrade wouldnot give sucha flexibility "whenthere will offer specific talk wasthin andthere appeared little appetite are plenty of sellers who to buy cargoes in the current Dated Brent/BFO dates and ports in the 1st decade".

Gasoline rally fuels crude'snew high on the NYIVIEX
New York--Front-monthcrude on the New York Mercantile Exchange settled at an all-time high of $67.49/bbl Thursday a gain of 17 cts on the session, pulled along by anotherday of for sharpgains in the gasoline market. Dwindlinggasolineinventories, resulting from below-normal production levels and steady demand, have causedthe latest surge in petroleum prices. Themarket has also beenkept on edgeby uncertainty surrounding Tropical Storm Katriha, which was upgradedto a Hurricane Thursday(see story pag 13). Gasoline continued to surge in spill-over buying from Wednesday's session following the release of the weekly inventory data. TheDepartment Energyreported a 3.2-mil bbl draw of in gasoline stocks, leaving total inventories at 109.9-mil bbl, 10.8-mil bbl belowyear-ago levels and 8.3-mil bbl belowthe five-year average. Below-average gasoline production and the September switch to winter grade have contributed to the slide in inventories. While crudewasedgingtowardsthe all-time intra-day high of $68/bbl posted in the previous Accesssession, gasoline had 7 cts to go before touching record levels. "...there is a fundamental mis-pricing of oil products, with gasoline prices still being too low relative to heating oil," Paul Horsnell and KevinNorrish, energyanalysts at Barclays Capital, said in a report. "There is a view that one should nowsell gasoline because the peak driving seasonis comingto an end, while you should buy heating oil becausewinter is approaching." nowthat is likely to result in an unprofitable trade. But September unleaded settled 3.79 cts higher at $1.9637/gal and September heating oil settled 41 points higher at $1.8695/gal. Heating oil wasunder pressure throughout the session with fundamentalsweighing on prices and as natural gas prices easedfollowing a larger-than-expected60 Bcf addition to working gas in storage. "All factors considered, weare maintaining a trading themecenteredon a potentially tight gasoline marketthat could prove capableof pulling the entire complex fresh record to highs with or without the help of additional stormactivity," energyconsultant Jim Ritterbuschsaid in a report.--Linda Rafield

VOLUME 83/NUMBER FRIDAY, 165 AUGUS 2005 T 26,

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Case 1:02-cv-00465-ECH

Document 66-5

Filed 03/31/2006

Page 3 of 6

PRICES EFFECTIVE: 25 2005 AU6UST

OtLGRAM PRICE REPORT

Gasoline:Asia surges
Asiangasolinesurgedto new,all-time highs Thursday, the second for straight session, in part tracking FOB Singaporenaphthathat added$0.73/bbl from a day ago to be valued at $61.20/bbl. All three gasoline grades, 92, 95 and 97 RON,were assessed $1.25/bbl higher to $75.30/bbl, $76.00/bbl and $77.45/bbl, respectively. Apart froma spike in crude, the rise in lower octanevalue wasddven a relatively tight by supply given that China,the biggest gasoline exporter in Asia, mayhaveslashed those shipments. Gasoline shortagesin China's southern Guangdong province has now spread to the eastern province of Shandong, with someindependentretail stations in the major city of Qingdao being forced to close shop, market players said Thursday(see story page1). USAtlantic Coastpremiumhigh octane gasoline cashdifferentials moved sharply up Thursday reports of tighter supply, on sources said. Conventional premium93 cashfirmed 4 cts/gal with trade reported at 31 cts over the Sept NYMEX 47,000 bbl for delivered early Sep(BP-CITGO). Sources said that there wasa lack of re-supply shipped from the Gulf Coast. RBOB premiumcash wastalked at 30-31 cts over Sep NYMEX. unleaded 87 cash firmed on RFG tight promptbarrels and stronger MTBE prices, sourcessaid. Tradewasreported at 2.50 and 2.75 cts over the SepNYMEX. RBOB unleadedcash firmed with trade reported at 1.75 ct under SepNYMEX for promptdelivery. Anothersale washeard at 1.40 ct under Sep NYMEX 75,000 bbl for Aug 3031 (SUNOCO-BP). Thelower RVPgasoline, so desperately in demand summer all long in the US Gulf Coast, lost groundon the cashdifferential side with traders unloading barrels before the Summer Fall RVP to changeover. Cashdifferentials for 7.8 RVP ranged from 3.25 cts/gal under the October NYMEX gasoline contract to 4.25 ct/gal under the NYMEX. 9.0 RVPwas The 4.5 cts/gai under the NYMEX 5.5 to cts/gai under the NYMEX. 9.0 RVP The Prem93 was 4 to 4.5 cts/gal vs unleaded while the 7.8 RVPwas 11 cts/gal vs unleaded. RFG was 3.5 cts/gal over 87 unleadedfor 13.5 RVP barrels. Atlanta 87 wasdone5 cts/gal over conventional. Thefirst dayin Chicago trading for of the first cycle Thursday extremely was quiet as players attending an industry meeting. Unleaded discussedat either side of was 4.50 cts/gal over Oct NYMEX gasoline. Premiumremainedat 3.00 cts/gal even though there weretalks of offers at 4.00 cts/gat to cash unleaded. RBOB was assessed at 11.50 cts/gal over cash unleaded.

Distillates: NWE ticks up
The NorthwestEuropejet CIF cargo flat price wasassessedmarginally higher Thursdaydue to a $7.25/mt rise in the underlyingfutures contract, to leave the ClF cargo flat price at $644.75/mt. The jet CIF cargo premiumwas assessed down, however, at $47.25/mt. Buyersof CIF cargoes remain thin on the ground in NorthwestEurope. Despite three offers that have beenseen during the MOC recent days, the continues to in be no sign of buying activity. "Thereis simply no one with any marginal storage spaceavailable in NorthwestEurope-so evenif you seevalue at current levels there will be problemswith storage" commented one trader. Theprecarious state of the jet fuel marketin NWE also was reflected in reports from market sources that there is a jet cargoin the region which has arrived un-sold with no storage options. This weakness further reflected in is the fall in the Sepswap,which was assessed at $50/mt down from $62.75/mt Aug 18, with Oct assessed at $60/mt. This has pushed the Sep/Oct spread to minus $10/mt, its lowest point since Dec 2004. "If you have no-whereto store a cargothen it doesn't really matter what prices are doing," addedone market source. Theweakness the jet market in was also evident in the ARAbarge market were premiumswere once again offered downto be assessed at $43/mt at close of MOC. There were two trades during MOC with Sempra lifting 4kt from KLM at $43/mt, FOBRotterdam, for Aug 27-31. "An uncertain market," was a phrase used by a numberof gasoil traders Thursday, as demand to Germany in appears to be slowing while large quantities of product are due to arrive from Asia in the coming weeks. A numberof large cargoes have been fixed from South Korea and South East Asia in recent days with high outright prices in Europe attracting arbitrage players. Promptdemand appears to easing for heating oil in Europe,thoughBP bought a Sep 15-19 delivery lOkt cargo basis Hamburg Sep plus $7.5 from at MorganStanley. FOD wasvalued slightly lower with ConocoPhillipsoffering 20kt at Oct plus $2 basis Le Havre. Premiums in the Mediterraneanedgedlower with Energo lmpexoffering a Sep13-17 Sepdelivery cargo at Oct plus $2.25 and Total offering Sep swapsat minus $12. The first-decade September loading program from Tuapsehas been released within market expectations. Barge premiums were unchanged a quiet trading day. in Mabanaft sold 1.9kt FOBAntwerp to Morgan Stanley in MOC.

VOLUME/ NUMBER FRIDAY, 83 165 AUGUST 2005 26,

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Case 1:02-cv-00465-ECH

Document 66-5

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PRICES EFFECTIVE: 252005 AUGUST

OILGRAM REPORT PRICE

Blendstocks: European naphthacracks soar
European naphthacrack swapsrose over $1/bbl this week,following a stronger Far Eastern marketopeningarbitrage opportunities from Europe Asia, traders said. TheSeptember to crack swap, measured against North Seamarker Brent, waspegged minus$3.80/bbl Thursat dayafternoonafter closing last week minus at $4.90/bbl. AssumingFOBMediterranean naphtha prices at $524/mtand 2HOctober CtF Japan naphthaprices at $563.50/mtand a freight cost of about$30/mt, it would imply the arbitrage is workablebetween two regions. "1 the think a few peopleare trying to make work, it but nothing's doneyet. Theredon't seem be to too manyvessels available," said one naphtha trader. China,generallya feedstock exporter, surprised the market Monday, when Unipec, the trading armof state-owned Sinopec,bought two 30,O00mt import cargoes. While the volumes were that significant, tradersfelt it couldbe not an ongoingtrend, "The impression amgetting, I is that it couldlast throughto the endof the year," said one. Soaringcrudecosts haveput Chinese refining marginsunder increasedpressure lately as the domestic naphtha price has failed to keeppacewith the surgein international crudebenchmarks. Traderscited the possibility of negativemargins the country, whichmay in havecaused cuts leading to importing prodrun ucts to fulfil contractualcommitments. Interestingly, naphthamarginswhen measured against sour Dubaihaveactually increased in recent weeksas demand naphtharemains for very strong. Thenaphthacrack against Dubai has surged from minus $5.65/bbl to plus $1.45/bbl since end-June,Plates data shows. Analysts had predicted that Chinawould become net importer of naphthafeedstock a towardsthe endof 2005,citing the Startup of severaljoint ventures the country. Sinopec in in conjunction with BP and BASF recently has brought online two crackers with the combined capacity of 1,200,000mt/year of ethylene. A

third venture between CNOOC Shell is due and online in November this year, with 800,000 of rot/yearcapacity.Whileit was difficult to say if the newventures were behind the demand, rumorsof one newJV, BP-Secco, the lookout on for naphtha added bullish sentiment. to "Fundamentally, Asianmarket still well the is suppliedin prompt,but the addedbuying from Chinahas buoyedmarketsentiment," said a Singapore-based trader, tn end-of-day trading Thursday,Shell sold onecargo of naphtha for delivery in the second half of October Mitsui to Tokyoat $572/mt, or $7.50/mt higher than the previous record of $564.50/mtset Aug 24.

Resid/bunkers: Strength
Singaporefuel oil, prices hit anothernew high Thursdaywith 180CST closing at $304.36/mt. Meantime, production of low-sulfur fuel oil in Japan expected is to show a sharp reboundthis week, on the back of increased demand from its power producers. LSFO demand Japan normalin ly peaksin Augas manyutilities crank up thermal powerunits to meetadditional electricity demand. Therewasan additional enquiry from TEPCO amounting to 200,000 (1.3-mil bbl) of fuel oil and kl crude oil aroundAug10, as higher-thanexpected powerconsumption due to the hot summer reduced LSFO stocks. Sources anticipate that TEPCO's buy includes LSFO and crude will total 800,000 kl for Aug against 696,000 kl in Jul. Anotherfactor likely to boost LSFO production is the possible purchase of LSFO Tohoku Electric Power, by which shut all its nuclear units with at Onagawa Aug 16 after an earthquake. on Sources estimate additional LSFO demand from Tohoku during Aug to reach 50,000 kl aboveits baseload requirement of 70,000 kl.

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Case 1:02-cv-00465-ECH

Document 66-5

Filed 03/31/2006

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PRICES EFFECTIVE: 25 2005 AUGUST

OILGRAM PRICE REPORT

Hawaii...from p. 1
price for the three gasoline gradeswasset at $2.4958/gal (regular), $2.5458/gal (midgrade) and $2.5858/gal (premium). Accordingto a report to the Hawaiian legislature by Stillwater Associates, Chevron supplies Hawaii gasoline wholesalers such as Shell and independentAloha Petroleum. Tesorosupplies ConocoPhillips and most military and governmentneeds. Stillwater recommended against adoption of gasoline price caps, in part because the link to the California market'sstringent standards via Los Angelescould cause higher prices andincreased volatility. In addition, the formula's link to the Gulf Coastmeans hur"a ricane (in that region) is going to cause Hawaii's price to go up," said one marketwatcher. ICF Consulting LLC, which studied the same issue for legislators this year, warned Hawaii's refiners may"closely examine profitability andsustainability" in that state. Withthe initial passage legislation in of 2002, Hawaii's staunchly Democraticstate legislature aimedto imposeprice caps on both wholesale and retail unleadedgasoline prices (ON 5/6/02). The move was meant address"the high price of gasoline in light of the strong tendencyof the structure of the gasoline market in the State to perpetuate high and rising prices andthe resulting supracompetitive marginsrealized by market participants." Theprovision to cap retail pdceswaslater repealedin 2004after studies "found that the problem high gasolineprices is principally of dueto a lack of vigorouscompetition the oliin gopolistic wholesalemarket," the law reads, referring to the presence only two local of refineries andlimited productsimports. "There is competition the retail level where at there are approximately339 gasoline stations throughout the island," the 2004amendment reads.--Beth Evans,with MikeKobal in Singapore

Russiato raise crudeexport duty by 25%to $175/mt
Moscow--Russia plans to raise the crude export duty to a record of at least $175/mt ($23.97/bbl) from Oct 1, up 25% from the current $140/mt, the deputy headof the finance ministry's customsdepartment said Aug 25. "The last week Augustcan bring somecorrections, but I'm sure that in the end the of crude export duties will reach $175to $180/mt," AlexanderSakovichtold Platts. Russia reviews the crude export duty every two monthsbasedon the averageworld price for Urals, the country's mainexport grade. Crudeprices haverepeatedly hit all-time highs during 2005, and USbenchmark crude briefly hit $68 in overnight Accesstrade Aug 24. Export duty on oil products will rise to $106.6/mt from the current $104.1/mt as of Aug27, Sakovichsaid, and will affect gasoline, kerosene,gasoil and other products. Fuel oil duty will rise to $57.4/mtfrom the current $56/mt. In September,Russia plans to makesomechangesto the methodof seeing oil products export duties, such as increasing the differential between light and heavyproducts, though the changewill not take immediateeffect. "The duties calculated according to a newmechanism will hardly comeinto force earlier than in late November, given the legal procedureweshould follow," Sakovichsaid. Healso said that according to current rules, light-products duty mayreach $130/mtto $135/mtin late October, while fuel oil duty would amount $70/mt to $72/mt. If the to governmentadopts the new method, duties mayrise to $140-$145/mtfor light products and drop to $60-$62/mtfor fuel oil, he said. Sakovichalso said the government unlikely to introduce a zero rate of export duty on is fuel oil, as suggested some by officials, to give oil companies incentive to boost capital an investmentin Russia's mainly outdatedoil refineries. Thecountry's draft budgetfor next year, which is set to be submitted to lawmakers this week, does not provide for such a move,he said. Anymajor changesmaycomeinto force no sooner than 2007, he suggested. Evena small changemaygive companies impetusto increase oil refining capacity in Russia, a movethat could help to avoid significant hikes in domesticgasoline and gas oil prices, analysts said.--Nadia Rodova

Platts President: Victoria Pao Chu Senior President Vice James Downham Manager Advert ngSaesJose s Parne Perms ' copy material Telephone & e-mall:New York:+1800-752-8878 or ment made theCCC. is to 222 +1212-904-4100" ngton +1202-383, Wash DC" 8400 Reproduction oth n an 2250" London44-207- Perm onof The ss McGrav H " - ' Houston: 713-658-3211 Tokyo: . +1 +65-653.22-800 +813lf6-6100Singapore: LexisNexis ProQuest and 5403,2731 Kong: Hong +852-2533-3513; Dubai: " Parts a trademark McGraw-Hifl s of the Companies Inc. +971-4-3914818. .........................................................................................................

- - -Tel+1.212-904-4367 . ............................................................... ,

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PRICES EFFECTIVE: AUGUST 2005 25

OILGRAM PRICE REPORT

Unleaded

Mldgrade

Premium Unleaded

Kerosene No.l Fuel

Diesel No.2 Fuel

LowSulfur Diesel

MetroNY (Eth) +192.45-197.90+ E~ ]~~ i~i ............... ¥~:~§E~¥ ...... ~i~ ~:i~:~ ~ 5~E~6~ ................. .... ~a~ ........................................ ~:~:~:~ ........ ....... ..................................................Baltimore (cony) ~~S:~g~

+201.80-203.50+ ~E~~:~E~ ....... ~i~2~:~:~ ...... ~f X~:~:~ ................ cfgd:~5:~:~5~ ..........

+213.90-222.90+ +187.55-187.55+ ~~:~ET~ ...... ~5~:~i~:~ ~K~:~:~ ...... ~i:~iE~ .... ~K~:i~:~ ......... ~:~:~K~ .............. ~Ki~:~i4:~ ............... ~E~:~:~ ........ ~E~E~ ........... ~K[0-~eg:ge~ .............. ~f~:~6:~fi:~[¢ ................................................................................. " ¢~fEi~O ~5~ ..........

+193.65-193.65+ ~i~Ei~:i~ .................... ~B:~i~E~ ........ ~':~:~:~6~ ........... ~f~g:~[:~26~ .....

) ............................ .............................................. ~G,~do~ ~z:~-~a:~ ................ ..............~:~:~:~....... ~:~:~:a~ ~:~:~:~
W~i373~363 ~{~?~0:~:~% ..... .......................................................New Haven Eth {~S]i~$ .........................................{ ................... ........... ~O~L~Oi~ {~i~?~O:~O ~i~:~:i~:iO~ ...................

+196,55-205.T0 +208,25-209.T0 +216.T0-21T.40+ ~ff°I~(~FG) ............................................ ....... ~~7 ............................................ ~i~O:~:i~:~Oi ....... i:?S:iO0:O0% ~ ....................... Philadelphia(~FG) .................................................................................................... Ji~K~i~E~3 .......... 7~~?~ ~£6~ a~ ...... 3i~i S~:i~ ~ ..........O~i~O~............... ~ ~0~0~.~5: +197.35-203.~5+ +189.40-190~90+ W~?9~:i~9:0~% ........ Wi~K~i~K~% ......... Portbnd.M ........................... ........... Wi~:~:i~:O~% W~:9~-26~ ~OW %~{~ ?~:~i~:~G: ...............................................

PAD2 +213,95-213.95+ +225,95-225.95+ Ch cago RFG) ................................................................. q-20~o:~i~O~ Chicago(cony) .................................................................................................. +202.20-202.20+ ~i~ .................. ~i~ ~ ~i~1~ ~:~.~+ .....................................................................................................................................................Des +203.85-207,80+ Moines(d) ........................................................ ~~~6~~ ~6~ii~:~i~1~ $~i6 ~z~4 ~b$ $~ ~208.55+ Detroit .......................... ~i~fli~:~6~i6~.............. 3~K~0-2~:~6~ ................................................Oklahoma(d)...................... ...................................................... +202.85-215.00+ StLouis(d) %~EtB:iii:0~; .................... +207.35-214,75+

~i8~ ~i~K~O~ ~i~i:~o:ig5:~O~ +187.95-189.80+ +192.00-197.89+ ~~1~$..................... $~:~ ................................................................. .... +190,25-195.55+ +188.75-191.72+

....

3~iK~0-2iE66% .............................................................................. +290,40-202,00+ +21&a5-219,25+

*i~ tB:i~Ei63 ..... ................................... +~93,15-196.10+

Albuquerque(d) +215.70.223.50+ .................................... +220,70-225.60+ d~§ ~i~i6 ~¥ Amarillo(d) .......................... ~6b ~ ~0 68~ ......................................................... ..................................... .............................................................................. ~ ~i~2i~ ............. ~i~ ~i~ Arkansas(d) Birmingham ............................. d) .................................................................. ~ ~i~i~:i~ ~ ~i~ ~i~ ~6:~02i~1~ ~i~K~i~E~6~ ~6~ ~fi~ ~(i(a~ ......... ~igK~6:~SE~6~......... 5~i ~£2¢{ W~i~~65~ ....... ~iK~i~[~5$ ............. ~6~:6~:~6~:~ .......... 5~ ~?R W6~{fi ~R#~ ~66 6~:~6~ ~ Houston conv) ............................................................................................................ ..............................................Houston(RFG) ~i~:~ .......................... ~K65:2~SA6~ .................. N.Odeans ................... Area(d) PAD4 "" +200.50-200.50+ ~!!![[~gs(~) ........................................................ Casperd) +210.5~211.30+ ~i~-2~b~O~ ..................... ..........................................Denver(d) Salt Lake(d) ................................ +198.00-198.00+

+225.20-233.50+ ~6 ~0-~18 ~6~ +191.77-191.77+ ~091~53 $i~ ~.~+ ~186,55-188.34+ +199,50-199.70+ +197.6~197.60+ +188,80-189.50+ ~61~G~E~6~ ..................................................................................................... ~i6:6~:~6~65 ............................................................................ ~K~]~6:~G ............ ......................................

+208.83-212.00+ +198.60-200.16+ +191,50-195,08+ +189.95-192.43+ +188.70-192.80+ ~i~6:ig~ii~ .................

+204.80-204,80+ ~i~1~.....................

+209.45-215,50+ ~]~i~]:~]6]~05 ................................... ~~ ...................... ~0~ ~]~5~0~

~:~

......................

+209,01-213.00+ $ i]i]?]]i]i~i~6 ....... ~1~{ .......... ...... [email protected]+

PAD5 +211.25-216,90+ Los Angees e +204 75-211 90+ P~6~i~........................... ~O~:iO~i~:~ ....... ¥~i~1i0-2~1~¥ ...... ~b~@~5~06% ........ ...................................................Portbnd OR ~i~O~ .......... ~ ~?Ta~6W~ ........................ ~6t:6~iE66~ .............. *~i~:66:iiO:66~.........

+217.75-228.75+ ~ 66 ~ 6b~ ~0:~ ..................

........................ $~~ ...................

~i~5:~i~~ .............. i6~1~6:i~1:~6 ............

+206.90-223.65+ ~i~1~2~166~ ..... ~i~:~iT~O~ ....................... iOE~6:~K~6..............

3ii~1~6:i~166~ ...............................................

All prices are providedby ~xis Petroleum. Discounts temporary or allowances offered by individual companies not includedin postedprices, Prices are conventional are gasolineunlessnoted; in cities where both RFG conventional sold, prices are notedandlisted on separate and a~ lines. All prices in cts/dal. (a)=lncludes oxygenated dasoline. (d)=lncludesbranded dasoline. (e)=CARB dasoline/No.2

No. 2 Fuel Barge (¢/6al) +205.55-205.55+ No. 6 Fuel Cargoes ($/bl) CompanyEft Date Global 08/23 Sprague 08/19 Raages (b) 0.3pct 0.5pct 1.0pct 2.2pct 2.8pct 53.00-53.00 51,00.51.00 65.00*65.00 61.004~3.75 55.75-58.00 A)l pric~ ~eli~/~6~fi ~v.~ H~,~ia~.Resid~a~ ~-~ ld(,~,~our. (a) ~,~ ~'i~es~FdBfe/~i. ~o~ f~e~ pliers #rent P/As. (b) Ran#es excluded andhi#h for each#rade. W=Withdrawn low 0.3pct 65.00 0.Spct 63.75 61,00 l,Opct 58.00 55.75 2,2pct 53,00 2.8pct 51.00

No. 6 Fuel No. 4 Fuel +67.25-67,25+ NewYork 0,3% +74.25-74.25+ 0.3% .....................................................................................Albany 1.5 1,5 66.50-66.50 ........................................................................................................Boston 0.5 74,00-77,00 0.5 ~iB0J6~?~ ............. 71,25-73.50 1,0 ~i~i~ ........ ............................................................................................1.0 ~i[~i~ii"~ ............ ................................................................................................................................2,2 ~g~S:$~:~ ................. ~9:567~:55 ............ i1~ ...................... N~W i~i~ ........ ~[0 ...........................

VOLUME / NUMBER 83 165 FRIDAY, AUGUST 26, 2005

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