1 STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 Quaker State Corporation and Subsidiaries For the Nine Months Ended September 30, 1997 (in thousands) Interest expense $ 20,251 Interest factor of rental expense (1) 6,879 ------------ Total fixed charges $ 27,130 ============ Income from continuing operations before income taxes $ 17,170 Fixed charges 27,130 ------------ Total earnings $ 44,300 ============ Ratio of earnings to fixed charges 1.6 ============ (1) Interest factor of rental expense computed based on: (a) average interest factor from a sample of leases for operations representing in excess of 50% of rentals from continuing operations, and (b) one-third factor of rentals for other operations.