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                                                       EXHIBIT 11



              CROWN CENTRAL PETROLEUM CORPORATION AND SUBSIDIARIES
                        COMPUTATION OF EARNINGS PER SHARE
                 (thousands of dollars except per share amounts)






                                 Three Months Ended     Six Months Ended
                                      June 30               June 30
                                   1997       1996        1997       1996
<S>                              <C>        <C>        <C>        <C>
Primary    and   Fully   Diluted                                  
Earnings Per Share
                                                                  
Net income (loss) applicable  to $ 7,907     $3,012     $8,631         $
common shares                                                     (9,998
                                                                  )
                                                                  
                                                                  
Shares  outstanding as  reported                                  
at the beginning
 of the period                   9,901,4     9,924,     9,983,    
                                 80         250        180        9,952,950
                                                                  
Restricted  shares held  by  the                                  
Company at the
 beginning or the period         (168,000    (277,500   (249,700  
                                 )          )          )          (255,300
                                                                  )
                                                                  
Weighted average effect of 1,000                                  
shares of common
 stock issued in June 1997           333                   167    
                                                                  
Weighted average effect of 7,300                                  
shares of common
 stock issued in March 1996                                       
                                                                  4,867
                                                                  
Weighted   average   effect   of                                  
13,559 shares of common
 stock issued in April 1996                  13,559               
                                                                  6,780
                                                                  
Weighted average effect of 4,730                                  
share of common
 stock issued in May 1996                     3,153               
                                                                  1,576
                                                                  
Weighted average effect of 1,000                                  
shares of common
 stock issued in June 1996                      333               
                                                                  167
                                                                  
Weighted   average   number   of                                  
common shares
 outstanding, at period end      9,733,8     9,663,     9,733,    
                                 13         795        647        9,711,040
                                                                  
Net  income  (loss)  per  common $   .82     $  .31     $ .89          $
share                                                             (1.03
                                                                  )
                                                                  
                                                                  
                                                                  
                                                                  
                                                                  
                                                                  
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