Exhibit 12

MAGELLAN MIDSTREAM PARTNERS, L.P.

RATIO OF EARNINGS TO FIXED CHARGES

(In thousands)

	2004			2005			2006			2006			2008
EARNINGS:
Income from continuing operations before income taxes, extraordinary gain (loss) and cumulative effect of change in accounting principle*	$	108,601		$	156,379		$	189,404		$	240,331		$	344,533
Fixed charges		41,657			56,656			60,599			59,714			57,779
Amortization of capitalized interest		463			465			475			533			641
Distributed income of equity investees		—			3,300			4,125			3,800			5,200
Interest capitalized		(426	)		(817	)		(2,371	)		(4,452	)		(4,803	)
Total earnings	$	150,295		$	215,983		$	252,232		$	299,926		$	403,350
FIXED CHARGES:
Interest expense	$	37,893		$	52,554		$	55,107		$	52,812		$	51,948
Interest capitalized		426			817			2,371			4,452			4,803
Debt expense amortization		3,056			2,871			2,681			2,144			767
Rent expense representative of interest factor		282			414			440			306			261
Total fixed charges	$	41,657		$	56,656		$	60,599		$	59,714		$	57,779
Ratio of earnings to fixed charges		3.6			3.8			4.2			5.0			7.0

* Excludes equity investment income.