TransMontaigne Inc. Discusses Refined Product Price Disparities and Announces Conference Call

TransMontaigne Inc. (NYSE: TMG) today announced that it
is continuing to witness substantial price disparities and market
disruptions in the wholesale products market that previously have been
reported in various news sources, including the Oil Price Information
Service (OPIS) and The Wall Street Journal. During September and
October 2005, the major refiners have priced their branded products
substantially below the price at which they are offering unbranded
products in the wholesale market. The price of unbranded product in
the wholesale market generally reflects the cost of product at the
tailgate of the refinery adjusted for the cost of transportation to
the wholesale market.

   OPIS -- September 26, 2005

   "Major oil companies are not passing through the full cost of Gulf
Coast product to downstream supply points. The result is two tiers of
pricing, one for branded customers, another for unbranded. The
difference is staggering with some unbranded marketers paying 30 cents
more for fuel than their branded counterparts. Branded and unbranded
marketers face product shortages and allocations, but the restrictions
are much more severe for unbranded accounts. Some have been shut off
completely by suppliers so (they) have no choice but to buy expensive
spot replacement barrels or let their systems run dry... Major oil
companies have been reluctant to pass along the full throttle of spot
replacement costs wanting to avoid the specter of price gouging. So
they can use their own refinery supply and downstream earnings to
subsidize lower-priced branded rack prices."

   Wall Street Journal -- October 1, 2005

   "In essence, these giants (the major refiners) are using robust
refining margins to challenge their competition. (T)he move is both
helping big oil companies deflect political flak amid record profits
and putting considerable pressure on their competition, especially
big-box retailers and economy gasoline chains."

   On September 7, 2005, nine days after Hurricane Katrina,
TransMontaigne informed certain contracted customers at its Southeast
facilities that it temporarily suspended the sale of unbranded product
to them under contracts with OPIS indexes during the price disparities
because the OPIS indexes include the significantly lower branded
product prices in the wholesale market. As a result of the unexpected
price disparities, the OPIS indexes do not currently reflect normal
markets or either party's expectations at the time those indexes were
selected as benchmarks. TransMontaigne historically sold approximately
80,000 barrels per day of unbranded product at its Southeast
facilities under contracts with OPIS indexes and is currently
delivering approximately 45,000 barrels per day under contracts with
interim pricing provisions.
   According to the National Association of Convenience Stores, the
United States Congress' Gas Price Task Force has asked the Federal
Trade Commission for its explanation of these price disparities.
   "For nine days following Hurricane Katrina, we sold product at our
Southeast facilities to our customers under contracts with OPIS
indexes in the face of the price disparities and disruptions in the
wholesale product market," said William S. Dickey, Chief Operating
Officer. "When we saw those price disparities and disruptions
continuing, we had to evaluate our options. We concluded that we could
not sell our inventory below its replacement cost, which could be
illegal in many states, and we did not want to suspend sales
altogether, which would harm both wholesale marketers and retail
customers. As a result, we informed our customers that we would sell
unbranded product to them to the extent we had product available at
prices based on our replacement costs," Mr. Dickey said. "When these
price disparities and market disruptions cease to exist,
TransMontaigne will resume selling unbranded product under existing
contractual provisions."
   The price disparities and market disruptions have not had a
similar effect on TransMontaigne's marketing and distribution
activities at its Florida facilities. TransMontaigne currently sells
approximately 55,000 barrels per day of unbranded product at its
Florida facilities under contracts with OPIS indexes. TransMontaigne
continues to sell unbranded product to its contract customers at its
Florida facilities under contracts with OPIS indexes as those
contracts currently do not result in the sale of product below the
Company's replacement cost.
   "Fortunately, our terminals did not suffer significant damage from
the hurricanes," said Donald H. Anderson, Chief Executive Officer. "We
anticipate that the current price disparities and market disruption
caused by Hurricanes Katrina and Rita will be short-lived due to the
impending arrival of foreign supply and the return of normal
operations at domestic refineries."
   "For the nine days following Hurricane Katrina, when we were
selling unbranded product to our contract customers at our Southeast
facilities under OPIS indexes, we experienced an unfavorable impact on
our marketing margins, which will negatively affect our reported
results for the quarter ended September 30, 2005," said Randall J.
Larson, Chief Financial Officer. "We believe that our accomplishments
over the last year, which have lowered our debt levels and improved
our liquidity, have put TransMontaigne in a financial position to cope
with these price disparities and disruptions in the wholesale product
markets. At June 30, 2005, TransMontaigne had net working capital of
approximately $320 million and common stockholders' equity in excess
of $326 million."

   Conference Call

   TransMontaigne Inc. also announced that it has scheduled a
conference call for Monday, October 10, 2005, at 3:00 p.m. (MDT)
regarding the above information. Analysts, investors and other
interested parties are invited to listen to management's presentation
by accessing the call as follows:

                             800-230-1096
                               Ask for:
                            TransMontaigne

   A playback of the conference call will be available from 6:30 p.m.
(MDT) on Monday, October 10, 2005, until 11:59 p.m. (MDT) on Monday,
October 17, 2005, by calling:

                           USA: 800-475-6701
                      International: 320-365-3844
                          Access Code: 799295

   TransMontaigne Inc. is a refined petroleum products marketing and
distribution company based in Denver, Colorado, with operations in the
United States, primarily in the Gulf Coast, Midwest and East Coast
regions. The Company's principal activities consist of (i) terminal
and tug and barge operations, (ii) marketing and distribution, (iii)
supply chain management services and (iv) operating its consolidated
subsidiary, TransMontaigne Partners L.P. (NYSE: TLP), a publicly
traded master limited partnership that engages in refined petroleum
products terminal and pipeline operations. The Company's customers
include refiners, wholesalers, distributors, marketers, and industrial
and commercial end-users of refined petroleum products. Corporate news
and additional information about TransMontaigne Inc. is available on
the Company's Web site: www.transmontaigne.com.

   Forward-Looking Statements

   This press release includes statements that may constitute
forward-looking statements made pursuant to the safe harbor provision
of the Private Securities Litigation Reform Act of 1995. This
information may involve risks and uncertainties that could cause
actual results to differ materially from the forward- looking
statements. Although the Company believes that the expectations
reflected in such forward-looking statements are based on reasonable
assumptions, such statements are subject to risks and uncertainties
that could cause actual results to differ materially from those
projected.