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 June 30, 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 June 30, 1997

                        


INDEX


												
Part I.  Financial Information							          
Page

	Condensed Consolidated Balance Sheets as
	  of June 30, 1997 and December 31, 1996	         3

	Condensed Consolidated Statements of
	  Operations for the Three Months and Six
	  Months Ended June 30, 1997 and 1996	            4 

	Condensed Consolidated Statement of 
	  Partners' Capital (Deficiency) for the Six Months
	  Ended June 30, 1997	                            4 

	Condensed Consolidated Statements of Cash
	  Flows for the Three Months and Six Months
	  Ended June 30, 1997 and 1996	                   5 

	Notes to Condensed Consolidated
	  Financial Statements	                           6

	Management's Discussion and Analysis
	  of Results of Operations and
	  Financial Condition	                            7


Part II.  Other Information	                      12



<TABLE>
HUNTWAY PARTNERS, L.P. 			
CONDENSED CONSOLIDATED BALANCE SHEETS			
<CAPTION>		
			                               June 30,             	December 31,
			                                1997                   		1996
		                              (Unaudited)             	(Audited)
<S>                                 <C>                     <C>
CURRENT ASSETS:						
   Cash                          $2,263,000              $5,287,000 
   Accounts Receivable            5,626,000               5,148,000 
   Inventories                    8,396,000               3,399,000 
   Prepaid Expenses                 770,000                 640,000 
      Total Current Assets       17,055,000              14,474,000 
				
		
PROPERTY - Net	                 	59,244,000             	59,339,000 
				
OTHER ASSETS	                      	323,000                	319,000 
				
GOODWILL	                         1,730,000               1,759,000 
				
TOTAL ASSETS                    $78,352,000             $75,891,000 
				
		
CURRENT LIABILITIES:			
			
   Accounts  Payable             $7,862,000              $6,913,000 
   Current Portion of
     Long-Term Obligations	               -                 100,000 
   Accrued Interest                 957,000                 316,000 
   Other Accrued Liabilities      1,779,000               1,347,000 
     Total Current Liabilities   10,598,000               8,676,000 
				
		
LONG-TERM OBLIGATIONS	           28,174,000              28,174,000 
 				
		
PARTNERS' CAPITAL:			
		 General Partners                 395,000                 390,000 
   Limited Partners              39,185,000              38,651,000 
      Total Partners' Capital    39,580,000              39,041,000 

TOTAL LIABILITIES AND			
   PARTNERS' CAPITAL	           $78,352,000             $75,891,000 
				
</TABLE>
		

<TABLE>
HUNTWAY PARTNERS, L.P.									
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS					
<CAPTION>				
									
			           Three Months		  Three Months		   Six Months		Six Months
			              Ended		         Ended		         Ended		      Ended
			             June 30,		      June 30,		      June 30,		   June 30,
			              1997		          1996		           1997		       1996
			           (Unaudited)		   (Unaudited)	     (Unaudited)		(Unaudited)
<S>	             <C>              <C>              <C>          <C>								
SALES			        $23,669,000 		  $26,099,000     $42,734,000 		 $43,308,000 
									
COSTS AND 
 EXPENSES:									
 Material and 
  Processing 
  Costs			       21,132,000      22,077,000 		   37,269,000 		  38,835,000 
    
 Selling and 
  Administration 
  Expenses			       980,000         924,000 	 	   2,169,000 		   1,790,000 
  
 Interest Expense	  896,000 		    1,315,000	      1,769,000 		   2,604,000 
    
 Depreciation and 
  Amortization			   602,000 		      532,000     	 1,122,000 		   1,047,000 
									
Total Costs and 
 Expenses			     23,610,000      24,848,000 		   42,329,000 		  44,276,000 
									
NET INCOME(LOSS)    $59,000 		   $1,251,000        $405,000 		   $(968,000)
									
NET INCOME(LOSS) 
 PER UNIT			          $0.00 		        $0.11 	         $0.01 		      $(0.08)
									
LIMITED PARTNER 
 EQUIVALENT UNITS 
 OUTSTANDING			  28,107,000 		   11,673,000 	    28,096,000 		  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          		133,000       			134,000 
Net Income for the 
 Six Months Ended 
 June 30, 1997					             4,000            401,000 			      405,000 
											
Balance at June 30,  1997			 $395,000     		 $39,185,000  			 $39,580,000 
</TABLE>
											
<TABLE>
HUNTWAY PARTNERS, L.P. 					
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS				
 					
					
<CAPTION>					
		                                   Six Months          Six Months
		                                     Ended			             Ended
		                                    June 30,			           June 30,
		                                      1997			               1996
 		                                  (Unaudited)			       (Unaudited)
<S>                                      <C>                  <C>					
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net Income/(Loss)	                   $	405,000 		       $	(968,000)
Adjustments to Reconcile Net Income 
   (Loss) to Net Cash Provided by
   Operating Activities:
   Depreciation and Amortization       	1,122,000          	1,047,000 
Changes in Operating Assets
   and Liabilities:
   Increase in Accounts Receivable       (478,000)         (1,259,000)
   Increase in Inventories             (4,907,000)         (2,783,000)
   Increase in Prepaid Expenses          (130,000)           (253,000)
   Increase in Accounts Payable           949,000           2,233,000  
   Increase in Accrued Liabilities      1,073,000           2,479,000


NET CASH PROVIDED (USED)
   BY OPERATING ACTIVITIES           		(1,966,000)           	496,000 

CASH USED IN INVESTING ACTIVITIES:
	  Additions to Property                 (922,000)         (1,570,000)
   Additions to Other Assets              (36,000)           (395,000)

NET CASH USED BY INVESTING ACTIVITIES    (958,000)         (1,965,000)

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                  (3,024,000)         (1,569,000)		

CASH BALANCE - BEGINNING OF PERIOD		    5,287,000 			       4,304,000 

CASH BALANCE - END OF PERIOD	         $	2,263,000 		      $	2,735,000 

INTEREST PAID  IN CASH DURING 
   THE PERIOD	                        $	1,128,000            $353,000 	

</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 June 30, 1997 and 
for the three and six month periods ended June 30, 1997 and 1996 are 
unaudited but, in the opinion of management, reflect all 
adjustments (consisting only of normal recurring 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, 1996.
	The Financial Accounting Standards Board has issued Statement of
Financial Accounting Standards 128, Earnings per Share, which is
effective for annual and interim periods ending after December 15,
1997.  The Partnership does not believe that adoption of this
standard will have an effect on the results of operations.
 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 three months ended June 30, 1997 and 
1996, the effect of LIFO was to increase net income by $765,000 
and $161,000, respectively. For the six months ended June 30, 
1997 and 1996, the effect of LIFO was to increase net income by 
$1,919,000 and $490,000, respectively.

	Inventories at June 30, 1997 and December 31, 1996 were as 
follows:
<TABLE>
<CAPTION>
		                              1997		          1996
<S>                             <C>             <C>
Finished Products		         $5,469,000 		    $2,533,000 
Crude Oil and Supplies		     3,200,000 		     3,058,000 
		                           8,669,000 		     5,591,000 
Less LIFO Reserve		           (273,000)      (2,192,000)
				
Total		                     $8,396,000 		    $3,399,000 
</TABLE>

2.  CONTINGENCIES

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.

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.


 

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. The Partnerships primary product is liquid 
asphalt and some 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.  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.  
 Three Months Ended June 30, 1997 Compared with the Three 
Months Ended June 30, 1996
	Second quarter 1997 net income was $59,000, or $.00 per 
unit, versus 1996 second quarter net income of $1,251,000, or 
$.11 cents per unit.

	The decline in results between quarters of $1,192,000 is 
principally attributable to significantly lower light product 
margins.  Prices for Huntway's light-end products fell in the 
quarter commensurate with declining wholesale gasoline and 
diesel prices in California which reflected the impact of 
maximum production rates and increasing inventory levels of 
these products on the west coast. In contrast, asphalt margins 
improved as industry wide price increases early in the year 
generally held.

	The following table sets forth the effects of changes in 
price and volume on sales and material and processing costs on 
the quarter ended June 30, 1997 as compared to the quarter 
ended June 30, 1996:
<TABLE>
<CAPTION>											
						                            Material &				                 	Barrels
			                   Sales			    Processing	      	Net		         Sold
<S>                    <C>           <C>            <C>           <C>											
Three Months ended 
   June 30, 1996			 $26,099,000		 $22,077,000 			 $4,022,000     1,157,000 
											
   Effect of changes 
     in price			     (2,362,328)  		 (887,756)			 (1,474,571)		
   Effect of changes 
     in volume			       (67,672)    	 (57,244)   			 (10,429)	    	 (3,000)
											
Three Months Ended 
   June 30, 1997			 $23,669,000 	 $21,132,000 			 $2,537,000     1,154,000 
											
</TABLE>
	

 The net margin between sales and material and processing 
costs fell from $3.48 per barrel for the second quarter of 
1996 to $2.20 per barrel for the second quarter of 1997.  This 
decline in net margin of $1,485,000 is primarily attributable 
to the Partnership's poor light product margins in the 
quarter. Over all, light product prices fell by 22% compared 
to the second quarter of 1996 as wholesale gasoline and diesel 
prices declined due to high refinery run rates and increasing 
stocks of gasoline and diesel on the west coast. Asphalt 
pricing improved by 7% as price increases put into effect 
early in 1997 (after crude price increases throughout 1996) 
generally held.  Over all, sales prices averaged $20.51 per 
barrel for the second quarter of 1997 as compared to $22.56 
per barrel for the comparable quarter of 1996, a decline of 
$2.05, or 9%.  This decline in pricing was partially offset by 
crude costs, which fell in response to generally higher world 
wide production levels, by 6% as compared to the comparable 
quarter of 1996.  Over all, material and processing costs 
averaged $18.31 and $19.08 for the quarters ended June 30, 
1997 and 1996, respectively, a decline of $0.77, or 4%.

	Selling, general and administrative costs increased by a 
nominal $56,000 as compared to the second quarter of 1996 
primarily as a result of increased payroll expense.

	Interest expense was reduced in the quarter by $419,000 
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. 
	
Six Months Ended June 30, 1997 Compared with the Six Months 
Ended June 30, 1996
	First half 1997 net income was $405,000, or $.01 per 
unit, versus 1996 first half net loss of $968,000, or $.08 
cents per unit.

	The improvement in results between periods of $1,373,000 
is principally attributable to significantly higher product 
margins.  Margins on Huntway's light-end products rose 
slightly in the period as the poor light product margins of 
the second quarter failed to competely offset the exceptional 
first quarter results.  First quarter light product margins 
reflected the impact of refinery turnarounds and outages as 
well as seasonal increases in middle distillates caused by 
winter heating oil demand while second quarter margins were 
adversely impacted by rising gasoline and diesel inventories 
caused by high production levels of these products. Asphalt 
margins improved as industry wide price increases early in the 
period generally held while crude prices fell.  Asphalt 
margins also benefited as improved operating results in the 
first quarter, allowed the Partnership to forego the low-
margin fuel oil sales that it made in the first half 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 period ended June 30, 1997 as compared to the period ended 
June 30, 1996:
<TABLE>
<CAPTION>											
						                            Material &		                  Barrels
			                  Sales			     Processing			       Net       Sold
<S>	                 <C>          <C>                 <C>       <C>										
Six Months ended 
  June 30, 1996			 $43,308,000 		 $38,835,000 			 $4,473,000    2,044,000 
											
  Effect of changes 
   in price			       1,142,217 	   		 (27,040)			  1,169,257 		
  Effect of changes 
   in volume			     (1,716,217) 		 (1,538,960)	  		 (177,257)	    (81,000)
											
Six Months Ended 
   June 30, 1997		 $42,734,000 		 $37,269,000 			 $5,465,000    1,963,000 
											
</TABLE>
	The net margin between sales and material and processing 
costs improved from $2.18 per barrel for the first half of 
1996 to $2.78 per barrel for the first half of 1997.  This 
improvement in net margin of $992,000 is primarily 
attributable to the Partnership's improved margin on all 
products in the period. Asphalt prices improved by 12% 
compared to the first half of 1996 as price increases put into 
effect early in the period (after crude price increases 
throughout 1996) generally held.  Light product prices, on the 
other hand, declined by 5% due to an oversupply of gasoline 
and diesel fuel in the second quarter.  Over all, sales prices 
averaged $21.77 per barrel for the first half of 1997 as 
compared to $21.18 per barrel for the comparable period of 
1996, an increase of $0.59, or 3%.  All of this increase in 
pricing contributed to increased margins, as crude costs were 
virtually unchanged as compared to the comparable period of 
1996. Over all, material and processing costs averaged $18.99 
and $19.00 for the periods ended June 30, 1997 and 1996, 
respectively, a decrease of $0.01.

	Selling, general and administrative costs increased by 
$379,000 as compared to the first half of 1996 primarily as a 
result of incentive plan accruals and an increase in bad debt 
expense.

	Interest expense was reduced in the period by $835,000 
due to reduced debt levels.  In December of 1996, the 
partnership completed the restructuring of its indebtedness 
with its senior and junior lenders. 

	Due to the volatility inherent in the Partnership's 
business, 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 six months of 1997, operating activities 
used $1,966,000 in cash.  The periods net income of $405,000 
plus depreciation and amortization of $1,122,000 provided 
$1,527,000 in cash.  A seasonal increase in inventory of 
$4,907,000 was partially financed by a similar seasonal 
increase in accounts payable of $949,000. Accrued liabilities 
increased by $1,073,000 as only one half of the interest 
accrued under the new debt agreements was scheduled for 
payment in the period, as well as increases in accruals for 
property taxes and incentive compensation. Prepaid expenses 
consumed $130,000 primarily due to turnaround costs while 
accounts receivable experienced a seasonal increase of 
$478,000.

Investing activities consumed $958,000 during the first 
six months of 1996 primarily for refinery equipment including 
enhancements to the new polymer facilities and tankage for our 
Benicia refinery.

	Financing activities consumed $100,000 in the first six 
months of 1996 pursuant to a 1993 settlement with the State of 
Arizona.

In comparison, during the first six months of 1996, 
operating activities provided $496,000 in cash.  The periods 
net loss of $968,000 was offset by depreciation and 
amortization of $1,047,000.  Seasonal increases in accounts 
receivable and inventory of $4,042,000 were financed by a 
similar seasonal increase in accounts payable of $2,233,000.  
Prepaid expenses increased by $253,000 primarily due to 
turnaround costs.  Accrued interest increased by $2,252,000 as 
interest continued to accrue under the old debt agreement 
until the debt restructuring was completed in the last quarter 
of 1996.

	Investing activities consumed $1,965,000 during the first 
six months of 1996 primarily for refinery equipment including 
new polymer facilities and tankage for our Benicia refinery.

	Financing activities consumed $100,000 in the first six 
months of 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  
refinance these debt and equity securities with a new 
convertible debt instrument. The Partnership is considering  
such a refinancing in order to continue to pursue its goal of 
ultimately reducing indebtedness and debt service requirements.  
The Partnership is also, currently in negotiations with other 
banks to replace its existing letter of credit agreement.  
Should the Partnership be successful in its efforts, it 
anticipates that its long-term debt will increase by up to 
$8,500,000 and that approximately 40% of its outstanding units 
will be redeemed.  Although there can be no assurance that the
Partnership will be successful in this refinance effort, if
successful it is contemplated that the refinance will not
significantly change annual interest expense but that the
current annual sinking fund requirement of $3,232,000 would 
be reduced by approximately $2,500,000.

At June 30, 1997, the cash position of the Partnership 
was $2,263,000.  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 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 August 12, 1997.


HUNTWAY PARTNERS, L.P.
      										                
(Registrant)	




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



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