SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q

                

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

                 


For the Quarter Ended March 31, 1997			    Commission 
File Number 1-10091



HUNTWAY PARTNERS, L.P.
(Exact Name of Registrant as Specified in its Charter)


                  Delaware                                 		
			      36-3601653
      (State or Other Jurisdiction of                  		
			  (I.R.S. Employer
      Incorporation or Organization)                    		
			  Identification No.)


    25129 The Old Road, Suite 322  
Newhall, California 
(Address of Principal Executive Offices)
91381
(Zip Code)                     
                                   					      

Registrant's Telephone Number Including Area Code:  (805) 286-
1582

                  


Indicate by check mark whether the registrant (1) has filed all 
reports required to be filed by Section 13 or 15(b) of the 
Securities Exchange Act of 1934 during the preceding 12 months 
(or for such shorter period that the registrant was required to 
file such reports), and (2) has been subject to such filing 
requirements for the past 90 days.     Yes   X        No      .








QUARTERLY REPORT ON FORM 10-Q

HUNTWAY PARTNERS, L.P.

For the Quarter Ended March 31, 1997

                        


INDEX


												
Part I.  Financial Information							          
Page

	Condensed Consolidated Balance Sheets as
	  of March 31, 1997 and December 31, 1996	3

	Condensed Consolidated Statements of
	  Operations for the Three Months
	  Ended March 31, 1997 and 1996	4 

	Condensed Consolidated Statement of 
	  Partners' Capital (Deficiency) for the Three Months
	  Ended March 31, 1997	4 

	Condensed Consolidated Statements of Cash
	  Flows for the Three Months Ended
	  March 31, 1997 and 1996	5 

	Notes to Condensed Consolidated
	  Financial Statements	6

	Management's Discussion and Analysis
	  of Results of Operations and
	  Financial Condition	8


Part II.  Other Information	14


<TABLE>

HUNTWAY PARTNERS, L.P. 				
			
CONDENSED CONSOLIDATED BALANCE SHEETS			
				
					
		
					
		
<CAPTION>					
		
	                                          March  31,            	December 31,	
                                          	1997                  	1996
                                          	(Unaudited)           	(Audited)	
<S>                                        <C>                    <C>
CURRENT ASSETS:				
			
Cash                                       $3,092,000             $5,287,000 	
Accounts Receivable                     			 4,905,000 	          		5,148,000 	
Inventories 	                            		 8,490,000           			3,399,000 	
Prepaid Expenses                          			 820,000              		640,000 	
Total Current Assets                   			 17,307,000           		14,474,000 	
					
		
PROPERTY - Net	                            59,380,000          			59,339,000 	
					
		
OTHER ASSETS	                                	288,000               	319,000 	
					
		
GOODWILL                                    1,744,000           			1,759,000 	
					
		
TOTAL ASSETS	                             $78,719,000            $75,891,000 	
					
		
					
		
CURRENT LIABILITIES:				
			
Accounts  Payable                          $8,802,000 	           $6,913,000 	
Current Portion of Long-Term Obligations    - 			                    100,000 	
Accrued Interest                              635,000                316,000 	
Other Accrued Liabilities 			               1,654,000              1,347,000 	
Total Current Liabilities                  11,091,000 		           8,676,000 	
					
		
LONG-TERM OBLIGATIONS	                     28,174,000             28,174,000 	
 					
		
PARTNERS' CAPITAL:				
			
General Partners                              394,000                390,000 	
Limited Partners                           39,060,000 	           38,651,000 	
Total Partners' Capital 	                  39,454,000             39,041,000 	

TOTAL LIABILITIES AND				
PARTNERS' CAPITAL	                        $78,719,000            $75,891,000 	
</TABLE>
		
					
		

<TABLE>
HUNTWAY PARTNERS, L.P.										
				
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS					
									
<CAPTION>														
				                                     Three Months			         Three Months		
					                                       Ended			                Ended
				                                      March 31,			            March 31,				
				                                       1997			                  1996
				                                    (Unaudited)			          (Unaudited)		
<S>                                     <C>                     <C>														
SALES				                               $19,065,000 			         $17,209,000 	
															
COSTS AND EXPENSES:											
Material and Processing Costs 				       16,137,000 	          	 16,758,000	
Selling and Administration Expenses 				  1,189,000                 866,000 	
Interest Expense 				                       873,000 			           1,289,000 
Depreciation and Amortization 				          520,000 	               515,000
Costs and Expenses				                   18,719,000 	            19,428,000 	
														
NET INCOME (LOSS)				                      $346,000             $(2,219,000)
														
NET INCOME (LOSS) PER UNIT				                $0.01                  $(0.19)
														
LIMITED PARTNER EQUIVALENT									
UNITS OUTSTANDING				                    27,055,000 	            11,673,000 	 	
</TABLE>														
														
<TABLE>
HUNTWAY PARTNERS, L.P. 									
			
CONDENSED CONSOLIDATED STATEMENT OF PARTNERS' CAPITAL			
							                          	
	
												
<CAPTION>											
	                          			     	General	     	Limited 	
					                               Partners			   Partners		      Totals	
<S>												                     <C>           <C>             <C>
Balance at January 1, 1997					     $390,000 		   $38,651,000 			 $39,041,000 	
Earned Portion of Option Awards					   1,000           66,000 			      67,000 	
Net Income for the Three Months							
Ended March 31, 1997					              3,000 	        343,000 			     346,000 	
												
Balance at March 31, 1997					      $394,000 			  $39,060,000 			 $39,454,000 	
</TABLE>												
												
<TABLE>
HUNTWAY PARTNERS, L.P. 					
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS				
	
<CAPTION>						
		                                                 Three			       Three
		                                                 Months Ended			Months Ended
		                                                 March 31,			   March 31,
		                                                 1997			        1996
 		                                               (Unaudited) 			 (Unaudited)
<S>                                               <C>             <C>

CASH FLOWS FROM OPERATING ACTIVITIES:					
Net Income/(Loss) 		                              $346,000        $(2,219,000)
Adjustments to Reconcile Net Loss 		 			 
to Net Cash Provided by Operating Activities: 	 
 
Depreciation and Amortization 		                   520,000 	          515,000 
Changes in Operating Assets and Liabilities:			
		   
Decrease (Increase) in Accounts Receivable         243,000 			       (280,000)
(Increase) in Inventories 		                    (4,999,000) 	      (1,747,000)
(Increase) in Prepaid Expenses 		                 (181,000) 		       (239,000)
Increase in Accounts Payable 		                  1,889,000 		       2,060,000 
Increase in Accrued Liabilities 		                 626,000 			      1,196,000 
 		 			 
NET CASH (USED) BY OPERATING ACTIVITIES		       (1,556,000)		        (714,000)
					
CASH FLOWS FROM INVESTING ACTIVITIES:					
Additions to Property 		                          (549,000)          (492,000)
Additions to Other Assets 		                        10,000 			       (172,000)				 

NET CASH USED BY INVESTING ACTIVITIES		           (539,000)			       (664,000)
 		 			 
CASH FLOWS FROM FINANCING ACTIVITIES:		 			 
Repayment of Long-term Obligations 	              (100,000)			       (100,000)
 		 			 
NET CASH USED  BY FINANCING ACTIVITIES 		         (100,000)		        (100,000)
 		 			 
NET (DECREASE) IN CASH		                        (2,195,000)	       (1,478,000)
 		 			 
CASH BALANCE - BEGINNING OF PERIOD		             5,287,000          4,304,000 
 					
CASH BALANCE - END OF PERIOD		                  $3,092,000 	       $2,826,000 
					
INTEREST PAID  IN CASH DURING THE PERIOD		        $554,000 		        $187,000 
</TABLE>					
					
					

HUNTWAY PARTNERS, L.P. AND SUBSIDIARY

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1.  CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

	The accompanying condensed consolidated financial statements 
of Huntway Partners, L.P. and subsidiary as of March 31, 1997 and 
for the three month periods ended March 31, 1997 and 1996 are 
unaudited, but in the opinion of management, reflect all 
adjustments (consisting only of normal recurring adjustments) 
necessary for fair presentation of such financial statements in 
accordance with generally accepted accounting principles.  The 
results of operations for an interim period are not necessarily 
indicative of results for a full year.  The condensed 
consolidated financial statements should be read in conjunction 
with the consolidated financial statements and notes thereto 
contained in the Partnerships annual report for the year ended 
December 31, 1996.

	Crude oil and finished product inventories are stated at 
cost determined by the last-in, first-out method, which is not in 
excess of market.  For the first three months of 1997 and 1996, 
the effect of LIFO was to increase net income by $1,154,000 and 
increase the net loss by $653,000, respectively.

	Inventories at March 31, 1997 and December 31, 1996 were as 
follows:

<TABLE>
<CAPTION>
                                           1997             1996

<S>                                        <C>              <C>
Finished Products                          $5,798,000       $2,533,000
Crude Oil and Supplies                      3,730,000        3,058,000
                                            9,528,000        5,591,000
Less LIFO Reserve                          (1,038,000)      (2,192,000)

Total                                      $8,490,000       $3,399,000
</TABLE>
 
2.  CONTINGENCIES

As the Partnership business is the refining of crude oil into 
liquid asphalt and other light-end products, it is subject to 
certain environmental laws and regulations.  Accordingly, 
adherence to environmental laws and regulations creates the 
opportunity for unknown costs and loss contingencies to arise in 
the future.  Unknown costs and loss contingencies could also 
occur due to the nature of the Partnerships business.  The 
Partnership is not aware of any costs or loss contingencies 
relating to environmental laws and regulations that have not been 
recorded in its financial statements.  However, future 
environmental costs cannot be reasonably estimated due to unknown 
factors.  Although environmental costs may have a significant 
impact on results of operations for any single period, the 
partnership believes that such costs will not have a material 
adverse effect on the Partnerships financial position.

The Partnership is party to a number of additional lawsuits and 
other proceedings arising out of the ordinary course of its 
business.  While the results of such lawsuits and proceedings 
cannot be predicted with certainty, management does not expect 
that the ultimate liability, if any, will have a material adverse 
effect on the consolidated financial position or results of 
operations of the Partnership.
 

MANAGEMENT'S DISCUSSION AND ANALYSIS OF 
RESULTS OF OPERATIONS AND FINANCIAL CONDITION


	The following discussion should be read in conjunction 
with the financial statements included elsewhere in this 
report.

Results of Operations

	Huntway is principally engaged in the processing and sale 
of liquid asphalt products, as well as the production of other 
refined petroleum feedstocks and products such as gas oil, 
naphtha, kerosene distillate and heavy (bunker) fuel. 

	Huntway's ability to generate income depends principally 
upon the margins between the prices for its refined petroleum 
products and the cost of crude oil, as well as upon demand for 
liquid asphalt, which affects both price and sales volume.

	Historically, refined petroleum product prices (including 
prices for liquid asphalt, although to a lesser degree than 
Huntways other refined petroleum products) generally 
fluctuate with crude oil price levels.  Accordingly, there has 
not been a relationship between total revenues and income due 
to the volatile commodity character of crude oil prices.

	Accordingly, income before interest, depreciation and 
amortization provides the most meaningful basis for comparing 
historical results of operations discussed below.

	A number of uncertainties exist that may affect Huntways 
future operations including the possibility of further 
increases in crude costs that may not be able to be passed on 
to customers in the form of higher prices.  Additionally, 
crude costs could rise to such an extent that Huntway may not 
have sufficient letter of credit availability to purchase all 
the crude it needs to sustain operations to capacity, 
especially during the summer season.  If this occurred, 
Huntway would be forced to reduce crude purchases, which could 
adversely impact results of operations.  The Partnerships 
primary product is liquid asphalt.  Most of Huntways 
competitors produce liquid asphalt as a by-product and are of 
much greater size and have much larger financial resources 
than the Partnership.  Accordingly, the Partnership has in the 
past, and may have in the future, difficulty raising prices in 
the face of increasing crude costs.

Three Months Ended March 31, 1997 Compared with the Three 
Months Ended March 31, 1996

	First quarter 1997 net income was $346,000, or $.01 per 
unit, versus 1996 first quarter net loss of $2,219,000, or 
$.19 cents per unit.

	The improvement in results between quarters of $2,565,000 
is principally attributable to significantly higher product 
margins.  Prices for Huntway's light-end products rose in the 
quarter commensurate with increases in wholesale gasoline and 
diesel prices in California which reflected the impact of 
refinery turnarounds and outages as well as seasonal increases 
in middle distillates caused by winter heating oil demand. 
Asphalt margins also improved as industry wide price increases 
early in the quarter generally held while crude prices fell.  
Asphalt margins also benefited as overall improvements in 
operating results allowed the Partnership to forego low-margin 
fuel oil sales such as it made in the first quarter of 1996 
for liquidity purposes.

	The following table sets forth the effects of changes in 
price and volume on sales and material and processing costs on 
the quarter ended March 31, 1997 as compared to the quarter 
ended March 31, 1996:
<TABLE>
<CAPTION>											
						                                    Material &		               Barrels
			                          Sales			     Processing		   Net		       Sold
<S>											               <C>          <C>            <C>         <C>
Quarter ended March 31, 1996	 $17,209,000 	$16,758,000 			$451,000 		887,000 
											
Effect of changes in price  			 3,369,306 			  852,646 		2,516,660 		
Effect of changes in volume 			(1,513,306)  (1,473,646) 		 (39,660)		(78,000)
											
Quarter ended March 31, 1997		$19,065,000 	$16,137,000 	$2,928,000 		809,000 
											
</TABLE>											

As reflected in the table, the net margin between sales and 
material and processing costs improved from $0.51 per barrel 
for the first quarter of 1996 to $3.62 per barrel for the 
first quarter of 1997.  This improvement in net margin of 
$2,477,000 is primarily attributable to the Partnership's 
significantly improved margin on all products in the quarter. 
Over all, light product prices improved by 22% compared to the 
first quarter of 1996 as wholesale gasoline and diesel prices 
rose primarily due to turnarounds and refinery outages in 
California as well as seasonal increases in middle distillates 
caused by winter heating oil demand. Asphalt pricing improved 
by 19% as price increases put into effect early in the quarter 
(after crude price increases throughout 1996) generally held 
despite falling crude prices.  Over all, sales prices averaged 
$23.57 per barrel for the first quarter of 1997 as compared to 
$19.40 per barrel for the comparable quarter of 1996, an 
increase of $4.17, or 21%.  This increase in pricing was 
partially offset by crude costs, which rose by 8% as compared 
to the comparable quarter of 1996.  All of this increase 
occurred in 1996 as California heavy crude postings actually 
fell by 17% over the course of the quarter as a result of 
lower demand due to a heavy refinery turnaround schedule and 
generally higher world wide production.  Over all, material 
and processing costs averaged $19.95 and $18.89 for the 
quarters ended March 31, 1997 and 1996, respectively, an 
increase of $1.06, or 6%.

	Selling, general and administrative costs increased by 
$323,000 as compared to the first quarter of 1996 primarily as 
a result of incentive plan accruals and an increase in bad 
debt expense.

	Interest expense was reduced in the quarter by $416,000 
due to reduced debt levels.  In December of 1996, the 
partnership completed the restructuring of its indebtedness 
with its senior and junior lenders.  This resulted in a 
reduction in long-term debt and related accrued interest of 
$71,748,000 and the issuance of 13,786,000 new partnership 
units. 

	Because of the foregoing, as well as other factors 
affecting the Partnerships operating results, past financial 
performance should not be considered to be a reliable 
indicator of future performance and investors should not use 
historical trends to anticipate results or trends in future 
periods.


Capital Resources And Liquidity
	The primary factors that affect the Partnership's cash 
requirements and liquidity position are fluctuations in the 
selling prices of refined products caused by local market 
supply and demand factors, including public and private demand 
for road construction and improvement as well as demand for 
diesel fuel and gasoline and fluctuations in the cost of crude 
oil which is impacted by a myriad of market factors, both 
foreign and domestic. In addition, capital expenditure 
requirements, including costs to maintain compliance with 
environmental regulations as well as debt service 
requirements, also impact the Partnerships cash needs.

	In the first three months of 1997, operating activities 
used $1,556,000 in cash.  The periods net income of $346,000 
plus depreciation and amortization of $520,000 provided 
$866,000 in cash.  A seasonal increase in inventory of 
$4,999,000 was partially financed by a similar seasonal 
increase in accounts payable of $1,889,000. Accrued 
liabilities increased by $626,000 as only one half of the 
interest accrued under the new debt agreements was scheduled 
for payment in the quarter, as well as increases in accruals 
for property taxes and incentive compensation. Prepaid 
expenses consumed $181,000 primarily due to turnaround costs 
while accounts receivable decreased by a nominal $243,000 due 
to the timing of certain product sales.

 In comparison, during the first quarter of 1996, 
operating activities consumed $714,000 in cash primarily 
resulting from the periods net loss of $2,219,000 offset by 
non-cash items of $515,000.  Seasonal increases in accounts 
receivable and inventory of $2,027,000 were financed by 
similar seasonal increases in accounts payable which increased 
by $2,060,000.  Prepaid expenses increased by $239,000 
primarily due to turnaround costs.  Accrued interest increased 
by $1,102,000 as interest continued to accrue under the old 
debt agreement until the completion of the restructuring, 
referred to above, on December 30, 1996.

	Investing activities consumed $539,000 during the first 
quarter of 1997 primarily for refinery equipment. During the 
first quarter of 1996, investing activities consumed $664,000 
primarily for refinery equipment and deposits.

	Financing activities consumed $100,000 in the first 
quarter of both 1997 and 1996 pursuant to a 1993 settlement 
with the State of Arizona.

The Partnership believes its current level of letter of 
credit facilities are sufficient to guarantee requirements for 
crude oil purchases, collateralization of other obligations 
and for hedging activities at current crude price levels.  
However, due to the volatility in the price of crude oil, 
there can be no assurance that these facilities are adequate.  
If crude oil prices were to increase, the Partnership may be 
required to reduce its crude oil purchases, which would 
adversely impact profitability.

Currently, the Partnership is negotiating with two of its 
senior lenders to repurchase or amend their Senior Notes and 
to repurchase units that were issued in December 1996.  The 
Partnership is currently anticipating that it will seek to 
refinance these debt and equity securities with a new debt 
instrument, the terms of which have not been established.  The 
Partnership is considering such a refinancing in order to 
continue to pursue its goal of reducing indebtedness and debt 
service requirements. The Partnership is also, currently in 
negotiations with another bank to replace its existing letter 
of credit agreement.

At March 31, 1997, the cash position of the Partnership 
was $3,092,000.  In the opinion of management, cash on hand, 
together with anticipated future cash flows, will be 
sufficient to meet Huntway's liquidity obligations for the 
next 12 months, regardless of whether Huntway is successful in 
refinancing its two largest senior lenders. 


PART II - OTHER INFORMATION


Item 1.  Legal Proceedings

	The Partnership is party to a number of additional 
lawsuits and other proceedings arising out of the ordinary 
course of its business.  While the results of such lawsuits 
and proceedings cannot be predicted with certainty, management 
does not expect that the ultimate liability, if any, will have 
a material adverse effect on the consolidated financial 
position or results of operations of the Partnership other 
than as previously reported. 

Item 2.  Changes in Securities

	Not applicable.

Item 3.  Defaults Upon Senior Securities

	None.

Item 4.  Submission of Matters to a Vote of Security Holders

	None.

Item 5.  Other Information

     		None.

Item 6. Exhibits and Reports on Form 8-K

		(a) Exhibits

			None

		(b) Reports on Form 8-K

			None



SIGNATURES


	Pursuant to the requirements of the Securities Exchange 
Act of 1934, the registrant has duly caused this report to be 
signed on its behalf by the undersigned, thereunto duly 
authorized, on May 14, 1997.


										HUNTWAY PARTNERS, L.P.
      										                
(Registrant)	



By: 
Warren J. Nelson
Executive Vice President 
and Chief Financial Office
(Principal Accounting Officer)



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