Exhibit 12.1

MAGELLAN MIDSTREAM PARTNERS, L.P.

RATIO OF EARNINGS TO FIXED CHARGES

(In thousands)

		Year Ended December 31,																				Six Months Ended June 30,
		2001				2002				2003				2004				2005				2006
EARNINGS:
Income from continuing operations before income taxes, extraordinary gain (loss) and cumulative effect of change in accounting principle *		$	97,613			$	107,495			$	88,169			$	108,601			$	156,379			$	104,018
Fixed charges			15,755				33,344				39,779				41,657				56,656				30,332
Amortization of capitalized interest			465				471				462				463				465				356
Distributed income of equity investees			—				—				—				—				3,300				2,025
Capitalized interest			(764	)			(231	)			(102	)			(426	)			(817	)			(633	)
Total earnings		$	113,069			$	141,079			$	128,308			$	150,295			$	215,983			$	136,098
FIXED CHARGES:
Interest expense		$	14,606			$	22,907			$	36,597			$	37,893			$	52,554			$	28,125
Capitalized interest			764				231				102				426				817				633
Debt expense amortization			253				9,950				2,830				3,056				2,871				1,355
Rent expense representative of interest factor			132				256				250				282				414				219
Total fixed charges		$	15,755			$	33,344			$	39,779			$	41,657			$	56,656			$	30,332
Ratio of earnings to fixed charges			7.2				4.2				3.2				3.6				3.8				4.5

* Excludes income from equity investments and minority interest expense.