Genesis Energy, L.P. Announces Increase in Quarterly Distribution to $0.30

Genesis Energy, L.P. (AMEX:GEL) announced today that it will pay a regular quarterly distribution of $0.30 per Common Unit for the quarter ended March 31, 2008. The distribution will be paid on May 15, 2008, to Common Unitholders of record at the close of business on May 9, 2008. This distribution represents an increase of approximately 5.3% over the February 2008 distribution of $0.285 and an increase of approximately 36.4% over the May 2007 distribution of $0.22.

Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis engages in four business segments. The Pipeline Transportation Division is engaged in the pipeline transportation of crude oil and, to a lesser extent, natural gas and carbon dioxide. The Refinery Services Division primarily processes sour gas streams to remove sulfur at refining operations, principally located in Texas, Louisiana, and Arkansas. The Supply and Logistics Division is engaged in the transportation, storage and supply of energy products, including crude oil and refined products. The Industrial Gases Division produces and supplies industrial gases such as carbon dioxide and syngas. Genesis’ operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, and Florida.