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 September 30, 1995			    
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)                     
                                   					      

Registrants 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 September 30, 1995

                        


INDEX


												
Part I.  Financial Information							          
Page

	Condensed Consolidated Balance Sheets as
	  of September 30, 1995 and December 31, 1994	3

	Condensed Consolidated Statements of
	  Operations for the Three and Nine months
	  Ended September 30, 1995 and 1994	4 

	Condensed Consolidated Statement of 
	  Partners Capital (Deficiency) for the Nine months
	  Ended September 30, 1995	4 

	Condensed Consolidated Statements of Cash
	  Flows for the Nine months Ended
	  September 30, 1995 and 1994	5 

	Notes to Condensed Consolidated
	  Financial Statements	6

	Managements Discussion and Analysis
	  of Results of Operations and
	  Financial Condition	8


Part II.  Other Information	13




<TABLE>
HUNTWAY PARTNERS, L.P. 			
				
CONDENSED CONSOLIDATED BALANCE SHEETS			
				
(in thousands) 			
				
				
			
<CAPTION>				
			
                                  	 		Sept. 30,         	 		Dec. 31,	
                                   			1995              	 		1994	
                                                         			(Audited)	
<S>                                   <C>                   <C>
CURRENT ASSETS:			
				
        Cash                        		$	1,721            	 	$	5,984 	
        Accounts receivable          			8,340              			2,510 	
        Inventories                  			3,553              			4,019 	
        Prepaid expenses               			655                			749 	
              Total current assets  			14,269             			13,262 	
				
			
PROPERTY - net                      			68,439             			69,857 	
				
			
OTHER ASSETS	                           		768                			805 	
				
			
GOODWILL                             			1,830              			1,872 	
				
			
TOTAL ASSETS                       		$	85,306            		$	85,796 	
				
			
CURRENT LIABILITIES:			
			
Accounts  payable	                   	$	8,530            		$	5,984 	
Current portion of long-term 			
  obligations                       		 	4,224             			2,418 	
Reserve for plant closure              			214               			242 	
Accrued interest	                     		1,317               			241 	
Other accrued liabilities            			1,754             			1,652 	
Total current liabilities	           		16,039            			10,537 	
				
			
LONG-TERM OBLIGATIONS               			90,834            			91,312 	
				
			
PARTNERS CAPITAL (DEFICIT)	         		(21,567)          			(16,053)	
				
			
TOTAL LIABILITIES AND			
PARTNERS CAPITAL                   		$	85,306          		$	85,796 	
				
</TABLE>
			



<TABLE>
HUNTWAY PARTNERS, L.P.								
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS					
			
(in thousands)								
<CAPTION>								
                         	Three Months	Three Months		Nine Months		Nine Months	
                         	Ended	      	Ended       		Ended      		Ended	
	                         Sept. 30,   	Sept. 30,     Sept. 30,   	Sept. 30, 
                          1995         1994          1995         1994
	
<S>  								             <C>          <C>           <C>          <C>        
SALES                   	 $27,345 	  	 $26,110    		 $ 60,684  		 $ 60,057 
	
								
COSTS AND EXPENSES:								
Material and Processing 
  Costs                   	24,301     		23,159      		57,667    		53,143 	
Selling and Administration 
  Expenses                   	895        		851       		2,818     		3,205 	 
Interest Expense           	1,328      		1,248       		3,884     		3,743 	
Depreciation and 
  Amortization               	661        		649       		1,829     		1,795 	
								
Total Costs and Expenses  	27,185     		25,907      		66,198    		61,886 	
								
NET INCOME (Loss)	        $   160   		 $   203   		 $ (5,514)		 $ (1,829)	
								
NET INCOME/(LOSS) PER 
EQUIVALENT	LIMITED PARTNER
UNIT	                     $  0.01   		 $  0.02   		 $  (0.47)		 $  (0.16)	
								
EQUIVALENT LIMITED PARTNER								
UNITS OUTSTANDING         	11,673     		13,359     		11,673    		11,673 	
</TABLE>
								
								
								
								
<TABLE>
								
HUNTWAY PARTNERS, L.P. 								
CONDENSED CONSOLIDATED STATEMENT OF PARTNERS CAPITAL (DEFICIT)	
							
(in thousands)								
								
<CAPTION>	 							
                                     			General  		Limited			
                                     			Partners 		Partners	  	Totals	
<S>                                     <C>        <C>         <C>								
Balance at January 1, 1995 (Audited)			 $  (160)		 $(15,893)		 $(16,053)	
 							 	
Net Loss for the Nine Months								
    Ended September 30, 1995	             		(55)   		(5,459)	  	(5,514)	
								
Balance at September 30, 1995	       		 $  (215)		 $(21,352)	 $(21,567)	
</TABLE>
								
								

<TABLE>
HUNTWAY PARTNERS, L.P. 						
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS				
		
(in thousands) 						
<CAPTION>
                                            		Nine Months	   		Nine Months	
                                            		Ended	         		Ended	 
                                            		Sept. 30, 1995			Sept. 30, 1994	
<S>                                           <C>              <C> 	
CASH FLOWS FROM OPERATING ACTIVITIES:						
    Net Loss                                 	$	(5,514)      		$	(1,829)	
    Adjustments to Reconcile Net Loss		 			 	
    to Net Cash Provided by Operating 
    Activities:		 		
	 	
    Depreciation and Amortization	             	1,829         			1,795 
	
    Interest Expense Paid by the Issuance 
       of Notes                               		1,692        			3,180 	
    Changes in Operating Assets and Liabilities:		 		
	 	
     Decrease (Increase) in Accounts 
       Receivable                            		(5,830)	     		(2,341)	
     Decrease (Increase) in Inventories	         	428         			902 	
     Decrease (Increase) in Prepaid Expenses     		94        			(394)	
     Increase (Decrease) in Reserve for Plant 
       Closure                                  		(28)       			(854)	
     Increase (Decrease) in Accounts Payable  		2,546       			2,730 	
   Increase (Decrease) in Accrued Liabilities	 	1,179        			(783)	
 	 	 			 	
NET CASH PROVIDED (USED) BY OPERATING 
  ACTIVITIES	                                 	(3,604)      			2,406 	
						
CASH FLOWS FROM INVESTING ACTIVITIES:						
    Additions to Property                      		(186)      			(654)	
    Additions to Other Assets                  		(108)	       		(76)	
 	 	 			 	
NET CASH (USED) BY INVESTING ACTIVITIES	        	(294)      			(730)	
 		 			 	
CASH FLOWS FROM FINANCING ACTIVITIES:		 			 	
     Repayment of Long-Term Obligations	        	(365)    			(4,137)	
 		 			 	
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES (365)	    		(4,137)	
 		 			 	
NET INCREASE (DECREASE) IN CASH              		(4,263)		    	(2,461)	
 	 	 			 	
CASH BALANCE - BEGINNING OF PERIOD            		5,984 	     		7,745 
	
 						
CASH BALANCE - END OF PERIOD                 	$	1,721     		$	5,284 	
						
INTEREST PAID DURING THE PERIOD              	$	1,114       		$	606 	
</TABLE>
						
HUNTWAY PARTNERS, L.P. AND SUBSIDIARY

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(All dollar amounts in thousands)
                                                                              

1.  CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

	The accompanying condensed consolidated financial statements 
of Huntway Partners, L.P. and subsidiary as of September 30, 1995 
and for the three and nine month periods ended September 30, 1995 
and 1994 are unaudited, but in the opinion of management, reflect 
all adjustments necessary for a 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, 1994.

	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.  The effect of LIFO on nine months 1995 and 
1994 results was to increase the net loss by $2,000 and 
$1,020,000, respectively.  For the third quarter of 1995 and 
1994, the effect of LIFO was to increase net income by $616,000 
and $293,000, respectively.

	Inventories at September 30, 1995 and December 31, 1994 were 
as follows:
<TABLE>
<CAPTION>
                                			1995    		1994
<S>                                <C>       <C>
Finished Products               		 $1,492 		 $2,792 
Crude Oil and Supplies          		  3,266 	  	2,430 
                                		  4,758   		5,222 
Less LIFO Reserve               		 (1,205) 		(1,203)
				
Total                           		 $3,553 		 $4,019 
</TABLE>
				
2.  FINANCIAL ARRANGEMENTS

	As of September 30, 1995, the Partnership was not in 
compliance with cash flow covenants of its primary borrowings 
which require the partnership to maintain cash flow before debt 
service of at least $3,000,000 during the most recent four 
quarter period.  The Partnerships lenders have agreed to issue a 
waiver of compliance regarding this covenant.

3.  CONTINGENCIES

	On May 19, 1995, during testing pursuant to the closure of a 
waste water treatment pond, the Partnership discovered that 
several drums of hazardous materials had been improperly disposed 
of at the site of the Wilmington refinery.  Subsequent 
geophysical testing to date indicates that approximately 20 to 30 
of such drums had been improperly disposed of at the site.  The 
materials had been stored in drums and disposed of under the 
waste water treatment pond apparently at the time of its 
construction.  Although the Partnership believes that it has 
claims against the former owners and operators of the site, as 
well as the entities involved in the construction of the pond and 
various insurance carriers which should substantially mitigate 
the ultimate costs, the Partnership has accrued $325,000 as of 
September 30, 1995 for remediation of the contamination.  
Management does not believe, based upon the information known at 
this time, that the remediation effort will have a material 
adverse effect on the Partnerships results of operations or 
financial position.

	The Partnership is party to a number of 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. 



MANAGEMENTS 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 products such as gas oil, naphtha, kerosene 
distillate, diesel fuel, jet fuel and bunker fuel. 

	Huntways 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 in the future, have 
difficulty raising prices in the face of increasing crude costs.

Three Months Ended September 30, 1995 Compared with the Three 
Months Ended September 30, 1994

	The 1995 third quarter net income was $160,000, or 1 cent 
per unit, versus 1994 third quarter net income of $203,000, or 2 
cents per unit.

	The nominal decrease of $43,000 in net income between 
quarters is principally attributable to costs associated with the 
Arizona refinery which was charged against the closure reserve in 
1994.



	The following table sets forth the effects of changes in 
price and volume on sales and crude and processing costs on the 
quarter ended September 30, 1995 as compared to the quarter ended 
September 30, 1994:
<TABLE>
<CAPTION>											
                                          						Materials &     					Barrels
                                  			Sales   			Processing Net	     	Sold
                                  			(In Thousands)								
											
<S>											                       <C>        <C>        <C>       <C>
Period ended Sept. 30, 1994        		$	60,057 		$	53,143 		$	6,914 		3,500 
											
    Effect of changes in price	       		4,556   			8,001 			(3,445)		
    Effect of changes in volume	     		(3,929) 			(3,477)		  	(452) 		(229)
											
Period ended Sept. 30, 1995	        	$	60,684 		$	57,667 		$	3,017 		3,271 
</TABLE>
											
As reflected in the table, the net margin between sales and crude 
and processing costs improved from $2.08 per barrel for the third 
quarter of 1994 to $2.20 per barrel for the third quarter of 
1995.  This improvement in net margin of $93,000 is primarily 
attributable to the Partnership being able to pass on to its 
customers crude cost increases due to heavy late summer demand 
and to improved margins. Sales prices averaged $19.76 per barrel 
for the third quarter of 1995 as compared to $18.44 per barrel 
for the comparable quarter of 1994, an increase of $1.32, or 7%.  
This increase in pricing was partially offset by increased 
material and processing costs which averaged $17.56 and $16.36 
for the quarter ended September 30, 1995 and 1994, respectively, 
an increase of $1.20, or 7%.

	Selling, general and administrative costs increased $44,000 
compared to the third quarter of 1994 as 1994 received the 
benefit of the recovery of a previously written-off receivable of 
$110,000 offset by the elimination of bonus accruals in 1995.

	Interest expense and depreciation and amortization expense 
were generally consistent with the prior year.

	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.

Nine months Ended September 30, 1995 Compared with the Nine 
months Ended September 30, 1994

	The net loss was $5,514,000, or 47 cents per unit, compared 
with the comparable 1994 period net loss of $1,829,000, or 16 
cents per unit.  As explained below, current period results were 
much worse than usual due to a combination of heavy rains, rising 
crude costs and generally weak refinery margins in the first half 
of 1995.

	The $3,685,000 increase in the net loss is principally 
attributable to unseasonably high rainfall in California during 
the first four months of 1995 versus the prior year.  As asphalt 
cannot be laid in rainy weather, barrels of  paving asphalt sold 
fell 7% from the level achieved in the comparable period of 1994.  
Additionally, crude prices rose between periods an average of 
$2.37 a barrel, or 19%.  Crude costs rose in response to rising 
world crude prices and increased demand for California heavy 
crude as refineries are increasingly using this crude in their 
refinery processes.  Due to reduced demand in the first half of 
the year, asphalt prices could not be raised in response to 
rising crude costs.  In addition, West Coast refinery margins 
continued weak throughout much of the first nine months of the 
year. These comparatively weak refinery margins result from a 
combination of rising crude costs and excess light-end inventory.  
Accordingly, margins for the Partnerships other refined petroleum 
products fell.  To maintain cash flow, the Partnership sold low-
margin fuel oil in the first half of 1995 which contributed to 
the negative operating margins incurred by the Partnership in the 
period.  Fuel oil is a blend of asphalt and gas oil.

	The following table sets forth the effects of changes in 
price and volume on sales and crude and processing costs on the 
nine month period ended September 30, 1995 as compared to the 
nine month period ended September 30, 1994:

<TABLE>
<CAPTION>											
                                           						Materials &	     				Barrels
                                     	Sales	   		Processing Net	     	Sold
                                   			(In Thousands)								
											
<S>											                        <C>        <C>        <C>       <C>
Three months ended Sept. 30, 1994   		$	26,110 		$	23,159 		$	2,951 		1,416 
											
    Effect of changes in price        			1,825   			1,665    			160 	
    Effect of changes in volume	        		(590)   			(523)	   		(67)  		(32)
											
Three months ended Sept. 30, 1995   		$	27,345 		$	24,301 		$	3,044 		1,384 
</TABLE>
											
As reflected in the table, the net margin between sales and crude 
and processing costs declined from $1.98 per barrel for the first 
nine months of 1994 to $0.92 per barrel for the first nine months 
of 1995.  This decline in net margin of $3,897,000 is primarily 
attributable to significantly increased crude costs which the 
Partnership was unable to pass on to its customers. Volume 
declined slightly in Southern California and heavy rains in the 
period forced the sale of fuel oil in order to reduce excess 
asphalt inventory.  Sales in Northern California declined as a 
result of the inclement weather.  Sales prices averaged $18.55 
per barrel for the first nine months of 1995 as compared to 
$17.16 per barrel for the comparable period of 1994, an increase 
of $1.39, or 8%.  This modest increase in pricing was more than 
offset by increases in material and processing costs which 
averaged $17.63 and $15.18 for the nine months ended September 
30, 1995 and 1994, respectively, an increase of $2.45 or 16%.

	Selling, general and administrative costs decreased $387,000 
compared to the comparable period of 1994 primarily as a result 
of lower professional and investor relations fees as well as 
elimination of management bonus accruals.

	Interest expense and depreciation and amortization expense 
were consistent with the prior year.



 Capital Resources And Liquidity

	The primary factors that affect the Partnerships cash 
requirements and liquidity position are fluctuations in the 
selling prices of our 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,  as well as 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 nine months of 1995, operating activities 
consumed $3,604,000 in cash primarily resulting from the periods 
net loss of $5,514,000 offset by non-cash items of $3,521,000.  
Seasonal increases in accounts receivable of $5,830,000 were 
financed by similar seasonal increases in accounts payable which 
increased by $2,546,000 and by a decrease in inventories of 
$428,000.  Accrued liabilities increased by $1,179,000 due to 
increased accrued interest which was substantially paid down on 
October 3, 1995 commensurate with a $1,250,000 payment to the 
Partnerships senior lenders.

	Investing activities consumed $294,000 during the first nine 
months of 1995 primarily for refinery equipment and deposits.

	Financing activities consumed $365,000 in the first nine 
months of 1995 primarily for reduction in the capital lease 
obligation.

	In comparison, through the first nine months of 1994, 
operating activities provided $2,406,000 in cash primarily 
resulting from the periods net loss of $1,829,000 offset by non-
cash items of $4,975,000.  Prepaid expenses increased $394,000 
primarily due to turnaround costs incurred at each of the two 
California refineries.  The expenditure of $854,000 relating to 
closure, maintenance and other costs was charged against the 
Sunbelt refinery closure reserve. Inventory decreased $902,000 
through the first nine months of the year while accounts 
receivable increased by $2,341,000 due to higher seasonal sales 
levels.  Accrued liabilities declined $783,000 primarily due to 
property tax payments.  These factors were offset by increased 
accounts payable of $2,730,000 due to higher crude purchases.

	Investing activities consumed $730,000 during the first half 
of 1994 primarily for refinery equipment.

	Financing activities consumed an additional $4,137,000 in 
the first half of 1994 consisting primarily of principal payments 
on the priority secured notes.

	The Partnership is negotiating with its lenders a 
restructuring or refinancing of its indebtedness and has been 
assisted in this process by an outside advisor.  It is 
contemplated that such restructuring or refinancing would reduce 
the aggregate principal amount of debt outstanding as well as 
aggregate interest expense and would result in substantial 
dilution to existing unitholders through the issuance of new 
equity securities.

	On October 3, 1995, the Partnership made the scheduled third 
quarter payment of $1,250,000.  The Partnership has informed its 
lenders that it will not make any additional payments under the 
current indenture.  The current indenture, as amended, provides 
for a $1,000,000 payment due November 30, 1995 and a $1,250,000 
payment due December 31, 1995.  In addition, the current 
indenture provides for a $5,000,000 payment in 1996 paid 
quarterly under a defined formula.

	Substantially all of the Partnerships current senior lenders 
have verbally informed the Partnership that they do not intend to 
pursue their remedies under the current indenture due to 
nonpayment while discussions regarding the potential 
restructuring or refinancing of the Partnerships indebtedness are 
continuing.

	Management currently believes, based on discussion it has 
had with its current senior lenders, that a successful 
restructuring or refinancing of its current indebtedness is 
possible but cannot be assured.

	The Partnership currently believes it will be able to meet 
its operating obligations through a combination of cash on hand 
and anticipated future operating cash flows.  However, due to the 
volatility of the business in which the Partnership operates, 
there can be no assurance that such cash flow will be adequate to 
sustain operations and service indebtedness.

	The Partnership believes its current level of letter of 
credit facilities are sufficient to guarantee expected near-term 
requirements for crude oil purchases, collateralization of other 
obligations and for hedging activities.  However, due to the 
volatility in the price of crude oil, there can be no assurance 
that these facilities will be adequate.


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

	Not applicable.

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

	Not applicable.

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  
November 13, 1995.


										HUNTWAY PARTNERS, L.P.
          (Registrant)	


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

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