Media Advisory

Gasoline Industry Resources

14/09/2008

Shell has received many inquiries on gas prices over the past several days and wanted to provide some context and resources.

The price of fuel at the pump is subject to several factors and unique market conditions, such as taxes, logistics, supply availability, and operating costs. For example, on Thursday, September 11th, Gulf Coast spot market prices rose $1.60 and prices on the Chicago spot market rose $0.20 cents per gallon (cpg).

Many oil companies are currently purchasing fuel on the spot market because of the loss in production as a result of Hurricanes Gustav and Ike.

For more information about factors that impact gasoline prices, we recommend you contact your state petroleum association or one of the following resources:

• Oil Price Information Service: Tom Kloza, Chief Oil Analyst, tkloza@opisnet.com, 732-580-4428 (cell) or 732-730-2558 (office)
• Energy News Today, Tony Mercandetti, 732-920-6610 or www.energynewstoday.com - opens in new window
• American Petroleum Institute: Media Line, 602-682-8114

For more information on Hurricane Gustav and Ike's impact on Gulf Coast oil production, visit:

http://tonto.eia.doe.gov/oog/special/hurricanes/gustav.html?featureclicked=1 - opens in new window or

http://www.oe.netl.doe.gov/named_event.aspx?ID=18 - opens in new window

Shell and Motiva do not condone price gouging and we encourage dealers and wholesalers to price responsibly.

Contact:

Shell Media Line - 713-241-4544