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, 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 September 30, 1997

                        


INDEX


												
Part I.  Financial Information			              Page

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

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

Condensed Consolidated Statement of 
Partners' Capital for the Nine Months
Ended September 30, 1997                         4 

Condensed Consolidated Statements of Cash
Flows for the Nine Months
Ended September 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>		
	                                 September 30,		        	December 31,	
			                                   1997                    1996	 
	                                  (Unaudited)		           	(Audited)	
<S>                                    <C>                    <C>
CURRENT ASSETS:			
				
Cash 	                             $4,818,000 			          $5,287,000 	
Accounts Receivable                 6,749,000 			           5,148,000 	
Inventories		                       6,094,000 			           3,399,000 	
Prepaid Expenses                      649,000 			             640,000 	
  Total Current Assets             18,310,000 			          14,474,000 	
				
PROPERTY - Net		                   59,219,000 		           59,339,000 	
				
OTHER ASSETS		                       	524,000 		              319,000 	
				
GOODWILL			                         1,716,000 			           1,759,000 	
				
TOTAL ASSETS			                   $79,769,000 			         $75,891,000 	
				
			
CURRENT LIABILITIES:			
				
Accounts  Payable 		               $8,188,000 			          $6,913,000 	
Current Portion of 
   Long-Term Obligations	             377,000 			             100,000 	
Accrued Interest			                 1,451,000 			             316,000 	
Other Accrued Liabilities			        1,639,000 			           1,347,000 	
Total Current Liabilities          11,655,000 			           8,676,000 	
				
LONG-TERM OBLIGATIONS			           27,797,000 			          28,174,000 	
 				
PARTNERS' CAPITAL:			
General Partners 			                  403,000 			             390,000 	
Limited Partners 			               39,914,000 			          38,651,000 	
Total Partners' Capital			         40,317,000 			          39,041,000 	

TOTAL LIABILITIES AND			
PARTNERS' CAPITAL			              $79,769,000 			         $75,891,000 	
</TABLE>

<TABLE>
HUNTWAY PARTNERS, L.P.									
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS						
			
<CAPTION>									
			                     Three Months		Three Months		Nine Months		Nine Months
			                        Ended		        Ended		     Ended		        Ended
			                    September 30,		September 30,September 30, September 30,
			                        1997		         1996		        1997		        1996
			                    (Unaudited)		   (Unaudited)		(Unaudited)		 (Unaudited)
<S>		                     <C>              <C>         <C>            <C>							
SALES			               $28,505,000 		 $30,829,000 		$71,239,000 	$74,137,000 
									
COSTS AND EXPENSES:									
Material and Processing 
Costs			                25,026,000 		  26,636,000 		 62,295,000 	 65,471,000 
Selling and 
Administration Expenses		1,238,000 		     906,000 	 	 3,407,000 		 2,696,000 
Interest Expense       			 895,000 		   1,310,000 		  2,664,000 	  3,833,000 
Depreciation and 
Amortization			            654,000 		     620,000 		  1,776,000 		 1,666,000 
									
Total Costs and 
  Expenses              27,813,000 		  29,472,000 		 70,142,000 	 73,666,000 
									
NET INCOME			             $692,000 		  $1,357,000 		 $1,097,000 		  $471,000 
									
NET INCOME PER UNIT			       $0.02 		       $0.12 		      $0.04 		     $0.04 
									
LIMITED PARTNER 
EQUIVALENT									
UNITS OUTSTANDING			    28,175,266 		  11,673,000 		 28,114,596 	 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					                2,000 			     177,000 	          179,000 
Net Income for the Nine Months											
  Ended September 30, 1997					  11,000 			   1,086,000 	        1,097,000 
											
Balance at September 30, 1997		$403,000 			 $39,914,000 	      $40,317,000 
</TABLE>											

<TABLE>
HUNTWAY PARTNERS, L.P. 					
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS			
					
<CAPTION>					
			                             Nine Months		            Nine Months
			                               Ended		                    Ended
			                             September 30,		          September 30,
			                                1997		                     1996
 			                            (Unaudited)		             (Unaudited)
<S>                                 <C>                       <C>
CASH FLOWS FROM OPERATING 
  ACTIVITIES:					
Net Income                    			 $1,097,000 		              $471,000 
Adjustments to Reconcile 
  Net Income to Net Cash 
  Provided by Operating 
  Activities:			 		 
Depreciation and Amortization  			 1,776,000 		             1,666,000 
          
Changes in Operating Assets 
  and Liabilities:					   
Increase in Accounts Receivable 		(1,601,000) 		           (3,578,000)
Increase in Inventories       			 (2,658,000)		              (924,000)
Increase in Prepaid Expenses      			 (9,000)		              (110,000)
Increase in Accounts Payable   			 1,275,000 		             2,232,000 
Increase in Accrued Liabilities 		 1,427,000 		             3,456,000 
 			 		 
NET CASH PROVIDED BY 
  OPERATING ACTIVITIES			          1,307,000 	              3,213,000 
					
CASH FLOWS FROM INVESTING ACTIVITIES:					
  Additions to Property       			 (1,407,000)		            (2,293,000)
  Additions to Other Assets     			 (269,000)		              (743,000)
 					 
NET CASH USED BY 
  INVESTING ACTIVITIES			         (1,676,000)		            (3,036,000)
 			 		 
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 INCREASE (DECREASE) IN CASH			  (469,000)		                77,000 
 			 		 
CASH BALANCE - 
  BEGINNING OF PERIOD			           5,287,000 		             4,304,000 
 					
CASH BALANCE - END OF PERIOD			   $4,818,000 		            $4,381,000 
					
INTEREST PAID  IN CASH 
  DURING THE PERIOD           			 $1,529,000 	             $1,162,000 
</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 September 30, 1997 and for the three 
and nine month periods ended September 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 (effective for annual and 
interim periods ending after December 15, 1997), Statement of Financial 
Accounting Standards 129, Disclosure of Information about Capital 
Structure (effective for periods ending after December 15, 1997), 
Statement of Financial Accounting Standards 130, Reporting 
Comphrehensive Income (effective for fiscal years ending after 
December 15,1997), and Statement of Financial Accounting Standards 
131, Disclosures about Segments of an Enterprise and Related 
Information, (effective for fiscal years ending after December 15, 1997).  
The Partnership does not believe that adoption of these standards have 
or 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 September 30, 1997 and 1996, the 
effect of LIFO was to decrease net income by $828,000 and $100,000, 
respectively. For the nine months ended September 30, 1997 the effect 
of LIFO was to increase net income by $1,091,000.  The effect on the 
comparable period of 1996 was to decrease net income by $590,000.
	
Inventories at September 30, 1997 and December 31, 1996 were as follows:
<TABLE>
<CAPTION>
		                               1997		                     1996
<S>                              <C>                        <C>
Finished Products		             $3,512,000 		             $2,533,000 
Crude Oil and Supplies		         3,683,000 		              3,058,000 
		                               7,195,000 		              5,591,000 
Less LIFO Reserve		             (1,101,000)		             (2,192,000)
				
Total		                         $6,094,000 		             $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.

3.  FINANCING - SUBSEQUENT EVENT

On October 31, 1997 the Partnership issued $21,750,000 in 9.4% Senior 
Subordinated Secured Convertible Notes (the convertible debt) due 2007, 
retired $11,707,000 in 12% senior debt, and redeemed 10,758,696 units 
or 42% of its total units outstanding.  The transaction also reduced 
the effective interest rate on the Partnerships $8,600,000 Industrial 
Development Bond from 12% to approximately 6% and provided the 
Partnership with $2,500,000 in additional working capital.  The 
Partnership also extended through 2005 its letter of credit arrangement 
with its existing bank to continue to collateralize its outstanding 
Industrial Development Bond.

The new debt is convertible into equity at $1.50 per unit (subject to 
adjustment) at any time after January 15, 1998.  The Partnership can 
force conversion after October 15, 2000 assuming certain trading 
criteria is met.  This transaction immediately reduces total units 
outstanding to 14,583,958 from 25,342,654.  On an as converted basis, 
total units will increase to 29,083,958.

As a result of the transaction, the Partnerships long-term obligations 
increased from $28,174,000 to $38,217,000 although interest expense 
will remain essentially unchanged due to the lower interest rate on 
the new convertible debt and the buydown of the approximate 6% interest 
spread on the Industrial Development Bond.  Accordingly, had this 
transaction occurred at the beginning of 1997 net income would 
not have been materially impacted but earnings per unit would have 
increased to $0.04 and $0.06 for the three and nine month periods 
ended September 30, 1997 respectively. 

Minimum required cash principal payments, assuming the newly issued 
convertible debt does not convert, both before and after the 
transactions described above, are as follows:

<TABLE>
<CAPTION>
                                  Before                     After
<S>                               <C>                        <C>
1997                           $          -                 $         -
1998                              3,232,000                     694,000
1999                              3,232,000                     694,000
2000                              3,232,000                     694,000
2001                              3,232,000                   1,694,000
2002                              3,232,000                   1,694,000
Thereafter                       12,014,000                  32,747,000

Total                          $ 28,174,000                $ 38,217,000
</TABLE>


Upon the conversion of some or all of the convertible debt into 
Partnership units, the amount of minimum required cash principal 
payments subsequent to 2002 will be reduced by the amount of the debt 
so converted.	

The agreements also provide for contingent principal payments in 1999 
and 2000 of up to $1,000,000 annually on a formula of 66.67% of excess 
cash flow as defined.


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 September 30, 1997 Compared with the Three Months 
Ended September 30, 1996

Third quarter 1997 net income was $692,000, or $.02 per unit, versus 
1996 third quarter net income of $1,357,000, or $.12 cents per unit.

The decline in results between quarters of $665,000 is principally 
attributable to significantly lower light product margins.  
Margins on Huntway's light-end products rose in the third quarter 
of 1997 commensurate with advancing wholesale gasoline and diesel 
prices in California but did not reach the levels experienced in 
the third quarter of 1996 when multiple refinery outages on the 
west coast created shortages and drove margins to an unusually high 
number. In contrast, asphalt margins improved as industry wide 
price increases early in the year generally held and crude costs 
have remained relatively stable throughout 1997.

The following table sets forth the effects of changes in price and 
volume on sales and material and processing costs on the quarter 
ended September 30, 1997 as compared to the quarter ended 
September 30, 1996:

<TABLE>
<CAPTION>											
						                                  Material &				                 Barrels
			                            Sales			 Processing			     Net		        Sold
<S>                            <C>       <C>              <C>          <C>											
Three Months ended 
  September 30, 1996			  $30,829,000 		$26,636,000 			$4,193,000 		 1,407,000 
											
Effect of changes 
  in price			             (1,075,000)			  (531,000)	    (544,000)		
Effect of changes 
  in volume			            (1,249,000)			(1,079,000) 	   (170,000)		   (57,000)
											
Three Months Ended 
  September 30, 1997			  $28,505,000 		$25,026,000 			$3,479,000 		 1,350,000 
</TABLE>

The net margin between sales and material and processing costs fell 
from $2.98 per barrel for the third quarter of 1996 to $2.58 per 
barrel for the third quarter of 1997.  This decline in net margin of 
$714,000 is primarily attributable to the Partnership's lower light 
product margins in the quarter as compared to the unusually high 
light product margins experienced in third quarter of 1996. Over all, 
light product prices fell by 8% compared to the third quarter of 1996 
when multiple refinery outages on the west coast created shortages 
and drove prices upwards. Asphalt pricing was consistent with the 
comparable quarter of 1996.  Over all, sales prices averaged $21.13 
per barrel for the third quarter of 1997 as compared to $21.91 per 
barrel for the comparable quarter of 1996, a decline of $0.78, or 4%.  
This decline in pricing was partially offset by crude costs, which 
fell 3% in response to generally higher world wide production levels 
as compared to the comparable quarter of 1996.  Over all, material and 
processing costs averaged $18.54 and $18.93 for the quarters ended 
September 30, 1997 and 1996, respectively, a decline of $0.39, or 2%.

Selling, general and administrative costs increased by a $332,000 
as compared to the third quarter of 1996 primarily as a result of 
increased payroll expense and the timing of incentive plan 
accruals.

Interest expense was reduced in the quarter by $415,000 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 in December of 1996. 
	
Nine Months Ended September 30, 1997 Compared with the Nine Months 
Ended September 30, 1996

Nine month 1997 net income was $1,097,000, or $.04 per unit, versus 
1996 nine months net income of $471,000, or $.04 cents per unit.

The improvement in results between periods of $626,000 is 
attributable to reduced interest expense and higher product 
margins partially offset by increased selling, general & 
administrative expenses.  Margins on Huntway's light-end products 
fell between periods due to the poor light product margins 
experienced in the second quarter as a result of maximum 
refinery runs and increasing inventory levels. 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 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 September 30, 1997 as compared to the period ended 
September 30, 1996:

<TABLE>
<CAPTION>
                                    Material &                       Barrels
                       Sales        Processing          Net          Sold
<S>                    <C>            <C>                 <C>          <C>
Nine Months ended
  September 30, 1996   $74,137,000   $65,471,000      $8,666,000      3,451,000

Effect of changes
  in price                  67,000      (558,000)        625,000 
Effect of changes
  in volume             (2,965,000)   (2,618,000)       (347,000)      (138,000)

Nine Months Ended
  September 30, 1997   $71,239,000   $62,295,000      $8,944,000      3,313,000
</TABLE>
   
The net margin between sales and material and processing costs 
improved from $2.51 per barrel for the nine months of 1996 to 
$2.70 per barrel for the nine months of 1997.  This improvement 
in net margin of $278,000 is primarily attributable to the 
Partnership's overall improved margin in the period partially 
offset by 4% lower volume due to a late start on the paving 
portion of a number of large projects. Asphalt prices improved 
by 6% compared to the first nine months 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 6% due to 
an oversupply of gasoline and diesel fuel in the second quarter.  
Over all, sales prices were flat, averaging $21.50 per barrel for 
the nine months of 1997 as compared to $21.48 per barrel for the 
comparable period of 1996. Crude costs were also relatively stable 
between periods declining by 1%. Over all, material and processing 
costs averaged $18.80 and $18.97 for the periods ended 
September 30, 1997 and 1996, respectively, a decrease of 
$0.17 or 1%.

Selling, general and administrative costs increased by $711,000 as 
compared to the nine months of 1996 primarily as a result of the timing 
of incentive plan accruals and an increase in bad debt 
expense as the prior year amount included the recovery of a previously 
written off receivable

Interest expense was reduced in the period by $1,169,000 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 nine months of 1997, operating activities provided 
$1,307,000 in cash.  The periods net income of $1,097,000 plus 
depreciation and amortization of $1,776,000 provided 
$2,873,000 in cash.  An increase in inventory of $2,658,000 was 
partially financed by a similar increase in accounts payable of 
$1,275,000. Accrued liabilities increased by $1,427,000 due to the 
timing of interest payments, as well as increases in accruals for 
property taxes and incentive compensation. Prepaid expenses 
consumed $9,000 while accounts receivable experienced a seasonal 
increase of $1,601,000.

Investing activities consumed $1,676,000 during the first nine 
months of 1997 primarily for refinery equipment including 
enhancements to the new polymer facilities and tankage for 
our Benicia refinery and improved pipeline connections in Wilmington.

Financing activities consumed $100,000 in the first nine months of 
1997 pursuant to a 1993 settlement with the State of Arizona.

In comparison, during the first nine months of 1996, operating 
activities provided $3,213,000 in cash.  The periods net income 
of $471,000 plus depreciation and amortization of $1,666,000 
provided $2,137,000 in cash.  Seasonal increases in accounts 
receivable and inventory of $4,502,000 were partially financed 
by a similar seasonal increase in accounts payable of 
$2,232,000. Accrued liabilities increased by $3,456,000 as interest 
continued to accrue under the then existing debt agreement until 
the 1996 debt restructuring was completed in December of 1996. 
Prepaid expenses consumed $110,000 primarily due to turnaround costs.

Investing activities consumed $3,036,000 during the first nine months 
of 1996 primarily for refinery equipment including new modified 
asphalt facilities and tankage for our Benicia refinery.

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

On October 31, 1997 the Partnership issued $21,750,000 in 9.25% 
Senior Subordinated Secured Convertible Notes (the convertible debt) 
due 2007, retired $11,707,000 in 12% senior debt, 
and redeemed 10,758,696 units or 42% of its total units outstanding.  
The transaction also reduced the effective interest rate on the 
Partnerships $8,600,000 Industrial Development Bond from 12% to 
approximately 6% and provided the Partnership with $2,500,000 
in additional working capital.  The Partnership also extended 
through 2005 its letter of credit arrangement with its existing bank to 
continue to collateralize its outstanding Industrial Development Bond.

The new debt is convertible into equity at $1.50 per unit (subject to 
adjustment) at any time after January 15, 1998.  The Partnership can 
force conversion after October 15, 2000 assuming certain 
trading criteria is met.  This transaction immediately reduces total 
units outstanding to 14,583,958 from 25,342,654.  On an as converted 
basis, total units will increase to 29,083,958.

As a result of the transaction, the Partnerships long-term obligations 
increased from $28,174,000 to $38,217,000 although interest expense 
will remain essentially unchanged due to the lower interest rate on 
the new convertible debt and the buydown of the approximate 6% 
interest spread on the Industrial development Bond. Minimum required 
principal payments are reduced by $2,538,000 in 1998 through 2000 
and by $1,538,000 thereafter through 2004 (see Note 3 to Condensed 
Consolidated Financial Statements included elsewhere herein).

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.

At September 30, 1997, the cash position of the Partnership 
was $4,818,000.  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.


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 November 14, 1997.


HUNTWAY PARTNERS, L.P.
(Registrant) 	

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


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