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With consumers across the Northeast seeking relief from high gasoline prices, Gulf Oil LP today announced a new Gulf MasterCard Promotion, with which customers can earn up to 25 percent in rebates on Gulf gas purchases, and 2 percent back in rebates on all other purchases during the first 60 days their account is open. At today's prices, that can equate to approximately 75 cents per gallon.

Once customers accumulate $20 in rebates, Gulf will automatically mail a $20 Gulf Gift Card, which can be used for gasoline purchases at any of its retail centers in the Northeast. Customers can apply for the Gulf MasterCard at any Gulf Oil gasoline retail center or online at www.gulfmastercard.com/GF28.

"This program actively thanks new and existing customers for committing to Gulf," said Joseph Petrowski, Gulf Oil's President and CEO. "It also demonstrates our focus on adding value that helps drive customers to our gasoline retail centers. Such efforts show our continued focus on downstream marketing, and we hope it will give people another reason to choose Gulf not only just for gasoline but also for other purchases as well."

These terms apply for Gulf MasterCard accounts opened between July 1, 2007 and September 15, 2007.

About Gulf Oil

Gulf Oil Limited Partnership, based in Newton, Massachusetts, is one of the Northeast's largest wholesalers of refined petroleum products. Gulf distributes motor fuels through a network of over 2,400 Gulf branded gasoline retail centers, 12 proprietary oil terminals, and a network of over 50 other supply terminals. Gulf Oil supplies heating oil, diesel fuel, jet fuel and kerosene to these branded retail outlets through both its Gulf brand and, in the seven states of New England and New York, the Exxon brand. Through its unbranded subsidiary, Great Island Energy, Gulf Oil LP also supplies petroleum products as well as risk management and financial services to industrial, commercial, and independent retail firms. Gulf Oil through its ownership interest in, World Energy is also the nation's largest distributor of bio-diesel, an increasingly important part of our nation's energy supply. Visit www.gulfoil.com for more information.