The Partnership’s financial assets and liabilities measured at fair value on a recurring basis are listed on the following table.


(In thousands)					Fair Value Measurements at Reporting Date Using:
Derivatives Not Designated as Hedging Instruments Under FASB ASC 815-10	Balance Sheet Location	Total			Quoted Prices in Active Markets for Identical Assets Level 1			Significant Other Observable Inputs Level 2			Significant Unobservable Inputs Level 3
Asset Derivatives at December 31, 2012
Commodity contracts	Fair asset and fair liability value of derivative instruments	$	14,282		$	1,297		$	12,985		$	—

Commodity contract assets at December 31, 2012		$	14,282		$	1,297		$	12,985		$	—


Liability Derivatives at December 31, 2012
Commodity contracts	Fair liability and fair asset value of derivative instruments	$	(17,947	)	$	(1,716	)	$	(16,231	)	$	—

Commodity contract liabilities at December 31, 2012		$	(17,947	)	$	(1,716	)	$	(16,231	)	$	—


Asset Derivatives at September 30, 2012
Commodity contracts	Fair asset and fair liability value of derivative instruments	$	15,100		$	1,749		$	13,351		$	—

Commodity contract assets at September 30, 2012		$	15,100		$	1,749		$	13,351		$	—


Liability Derivatives at September 30, 2012
Commodity contracts	Fair liability and fair asset value of derivative instruments	$	(10,549	)	$	(1,898	)	$	(8,651	)	$	—

Commodity contract liabilities at September 30, 2012		$	(10,549	)	$	(1,898	)	$	(8,651	)	$	—


(In thousands)
The Effect of Derivative Instruments on the Statement of Operations
Derivatives Not
Designated as Hedging	Location of (Gain) or Loss	Amount of (Gain) or Loss Recognized
Instruments Under	Recognized in Income on	Three Months Ended			Three Months Ended
FASB ASC 815-10	Derivative	December 31, 2012			December 31, 2011
Commodity contracts	Cost of product (a)	$	4,876		$	(592	)
Commodity contracts	Cost of installations and service (a)	$	(89	)	$	51
Commodity contracts	Delivery and branch expenses (a)	$	(85	)	$	8

Commodity contracts	(Increase) / decrease in the fair value of derivative instruments	$	7,965		$	7,118

(a)	Represents realized closed positions and includes the cost of options as they expire.