Exhibit 12

MAGELLAN MIDSTREAM PARTNERS, L.P.

RATIO OF EARNINGS TO FIXED CHARGES

(In thousands)

	Twelve Months Ended December 31,															Three Months Ended March 31, 2009
	2004			2005			2006			2007			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		$	45,069
Add: Fixed charges		41,657			56,656			60,599			59,714			57,779			15,838
Amortization of capitalized interest		463			465			475			533			641			176
Distributed income of equity investees		—			3,300			4,125			3,800			5,200			1,550
Less: Interest capitalized		(426	)		(817	)		(2,371	)		(4,452	)		(4,803	)		(936	)
Total earnings	$	150,295		$	215,983		$	252,232		$	299,926		$	403,350		$	61,697
FIXED CHARGES:
Interest expense	$	37,893		$	52,554		$	55,107		$	52,812		$	51,948		$	14,613
Interest capitalized		426			817			2,371			4,452			4,803			936
Debt amortization		3,056			2,871			2,681			2,144			767			220
Rent expense representative of interest factor		282			414			440			306			261			69
Total fixed charges	$	41,657		$	56,656		$	60,599		$	59,714		$	57,779		$	15,838
Ratio of earnings to fixed charges		3.6			3.8			4.2			5.0			7.0			3.9

* Excludes income from equity investments.