Exhibit 12.01

NUSTAR ENERGY L.P.

STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Thousands of Dollars, Except Ratio)

		Nine Months Ended September 30,				Year Ended December 31,
		2008				2007				2006				2005				2004				2003
Earnings:
Income from continuing operations before provision for income taxes and income from equity investees		$	226,235			$	154,913			$	149,885			$	110,069			$	77,074			$	67,177
Add:
Fixed charges			83,441				91,594				75,829				46,211				21,625				16,443
Amortization of capitalized Interest			326				255				126				80				60				55
Distributions from joint ventures			500				544				5,268				4,657				1,373				2,803
Less: Interest capitalized			(4,730	)			(5,995	)			(1,758	)			(1,008	)			(192	)			(123	)
Total earnings		$	305,772			$	241,311			$	229,350			$	160,009			$	99,940			$	86,355
Fixed charges:
Interest expense (1)		$	69,142			$	77,584			$	68,241			$	41,616			$	20,630			$	15,291
Amortization of debt issuance costs			593				1,030				726				622				407				740
Interest capitalized			4,730				5,995				1,758				1,008				192				123
Rental expense interest factor (2)			8,976				6,985				5,104				2,965				396				289
Total fixed charges		$	83,441			$	91,594			$	75,829			$	46,211			$	21,625			$	16,443
Ratio of earnings to fixed charges			3.7x				2.6x				3.0x				3.5x				4.6x				5.3x

(1) The “Interest expense, net” reported in NuStar Energy L.P.’s consolidated statement of income for the nine months ended September 30, 2008 includes investment income of $2,708,000.

(2) The interest portion of rental expense represents one-third of rents, which is deemed representative of the interest portion of rental expense.