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MODIFICATION OF PRICING TERMS

Fee Agreement

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Title: MODIFICATION OF PRICING TERMS
Date: 5/12/2006

MODIFICATION OF PRICING TERMS, Parties: susser holdings corp
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Exhibit 10.14

 

 

 

 

 

 

CITGO Petroleum Corporation

 

 

 

[CITGO LOGO]

P.O. Box 4689

Houston, TX 77210-4689

 

September 14, 2005

 

Mr. Sam Susser

President and CEO

SSP

4433 Baldwin

Corpus Christi, Tx 78408

 

Dear Sam,

 

Confirming our telephone conversation earlier today, clearly the pricing formula tied to Platt’s does not work in an environment of severe refining disruption as we have just experienced with hurricane Katrina. During these periods of supply disruptions, the volume of gasoline traded between refiners on the spot market is dramatically reduced and the resultant Platt’s posting represents only the value of the incremental, thinly traded barrel and not the value of the average barrel produced and sold.

 

You also indicated that from your analysis, the pricing formula has not worked well for your business compared to other pricing mechanism


 
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