FUEL YOUR FUTURE
About
TACenergy
TACenergy is a Dallas, TX-based independent wholesale fuels distributor of refined petroleum products. Our customers include gasoline and diesel retailers, industrial users, transportation, oil & gas, waste disposal & recycling, trucking, government, utilities, mining, construction, plus any other commercial user or reseller of fuel.
Simply relying on the lowest rack price available at the moment of purchase is a huge risk to both your supply chain and overall fuel costs. At TACenergy, we take the purchasing muscle and flexibility of our national terminal network and combine it with the most efficient logistical and information technology tools. The result is a fuel supply chain that is optimized for every customer's needs in ways big oil is simply not equipped to provide.
Products, Services, and Supply
Our goal is to be the most reliable, convenient, flexible and lowest cost fuel supplier in the nation. In addition, we provide our customers with added value services and 24/7/365 support based in Dallas, TX. With an annualized fuel volume in excess of two-and-a-half billion gallons, TACenergy has a vast terminal supply network as well as regional sales offices across the country.
24/7 Supply & Logistics
Highly-trained logistics professionals are always available in our 24/7 Supply and Logistics call center.
Custom Web Tools
With one of the most advanced collections of web-based tools available, managing your fuel supply and support data is easier with TACenergy.
Inventory Intelligence
Inventory Intelligence with TACenergy monitors tank inventory, ties the data into online tools and trading market intelligence, accurately anticipates demand and automatically dispatches orders.
Industry Solutions
We serve the fuel needs of a wide range of retail, wholesale, commercial, government and industrial customers with our products and services.
Terminal Network
TACenergy's purchasing muscle exceeds two-and-a-half billion gallons per year, and we have the most extensive terminal network of any independent fuel supplier.
Diesel Exhaust Fluid
The EPA is changing emissions standards for NOx emissions, particulate matter and other pollutants from diesel engines. DEF is used in the emissions systems on new diesel-powered equipment to meet these standards.
Cooperative Purchasing
Streamlining the purchasing power of public procurement entities through cost and time efficiencies obtained with pre-established contracts on a national, regional and local level. TACenergy bids and manages contracts through purchasing partners to enhance the purchasing process for government, public, education and non-profit entities needing fully negotiated contracts to react quickly with buying decisions.
News & Views
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Strategic Leadership Positions Bolster TACenergy Organic Growth Plans To Reach 3 Billion Gallons Annually
Hazel Helm as Director of Supply and Randy Grizzle as Director, Sales & Marketing add depth to senior management team and support to key service areas
DALLAS (September 14, 2023) – TACenergy, one of the nation’s largest wholesale fuel sales companies headquartered in Dallas, Texas announced the appointment of two newly created positions supporting company growth plans to extend competitively priced product sales across the U.S.
As the Director of Sales & Marketing, Randy Grizzle brings over 25 years of U.S. fuel marketing experience leading sales development and data analytics for regional/national mid-stream energy companies. “The growth and high level of customer service TACenergy continues to bring to market reflects the activity of a very powerful team”, said Grizzle, “and I am excited to assist the company in achieving its highest potential.” Grizzle will put his focus toward continued business development opportunities, furthering current and future relationships with key national and regional companies in conjunction with developing processes and programs that enhance the foundation of company service levels.
Focusing on upstream supply relationships and contract development, Hazel Helm joins the company as Director of Supply and brings her 17-year multi-faceted strategic buying and analysis experience combined with a background from the refiner’s point of view to strengthen the national supply experience for TACenergy. Helm’s presence adds to existing business intelligence ensuring a well-managed national supply system with availability at over 800 U.S. terminals in the TACenergy network. Helm shared her outlook upon joining, “TACenergy is poised to lead the transformation of fuel distribution to include all energy resources and the vast long-term relationships with suppliers signifies its strength as the leader and I am excited to be a part of it.”
Fred Sloan, Chief Operating Officer of TACenergy shared, “The addition of Randy and Hazel comes at a time to support the growth trajectory we are experiencing and gives our team incremental depth extending our potential to reach new volume goals while continuing to lead the industry with the absolute best service levels in logistics and professional services.”
The TACenergy ‘Drive to 3 Billion’ goal is set to be achieved through organic growth and with the surety of our suppliers, carriers, and customers being treated with the respect and integrity that are the foundational tenets the company has maintained for nearly 60 years.
About TACenergy
TACenergy, a Dallas, Texas-based wholesale distributor of refined petroleum products is supported by 17 regional offices, one of the nation’s largest supply networks and over 100 employees across the 48 lower United States. Delivering customer value through customized fuel management programs, a 24/7 Supply & Logistics call center and a commitment to efficiency and accuracy, TACenergy exceeds industry standards to create sustainable growth. Annual volume exceeds two-and-a-half billion gallons for seven-and-a-half billion dollars in revenue. Ultimately, it’s the company associates and their passion for service that sets TACenergy apart.
Learn more about TACenergy, at www.tacenergy.com. Don’t Just Buy Fuel. Fuel Your Future.
Market Talk
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Energy Markets Are Pointing Modestly Higher To Start Friday’s Session
Energy markets are pointing modestly higher to start Friday’s session, in a meager attempt at a recovery rally at the end of what would be the worst week in over two months if prices settle near current values. The liquidation of speculative bets placed on higher energy prices ahead of the direct conflict between Israel and Iran continues to appear to be the driver of the weakness, and we’ll have to wait and see if this modest bounce is a sign that the liquidation is over, or just a pause before it picks up again. Most contracts remain in a precarious technical position with the potential for a slide towards $70 for WTI and $2.20 for both refined products if the buyers don’t get serious soon.
Stocks are pointing sharply higher after a slowdown in job growth reported in the April Non-Farm payroll report. The BLS reported an increase of 175,000 jobs for the month, down sharply from the 315,000 jobs added in March, and the February & March estimates were revised down a combined 22,000. Both the “official” (U-3) and “real” (U-6) unemployment rates ticked up by .1% to 3.9% and 7.4% respectively. The immediate positive reaction to negative news suggest that the bad news is good news low-interest-rate junkies believe this may help the FED’s dilemma of the US economy being too strong to cut rates. The big jump in equities has not seemed to spill over into energy contracts yet, as crude and refined product contracts changed very little following the report.
San Francisco diesel basis spiked 15 cents Thursday to reach the highest level of any market in the country so far this year at 35 cents over prompt futures. While there aren’t yet any refinery upsets reported to blame the spike on, PBF is undergoing planned maintenance at its Martinez facility, and of course P66 just finished converting its Rodeo plant to RD after Marathon converted its Martinez facility in the past couple of years, meaning there are at most only 2 out of the previous 5 refineries in the region operating near capacity these days. The question now is how quickly barrels can shift north from Southern California which continues to show signs of a supply glut with weak basis values and spot to rack spreads.
PBF continued the trend of Q1 refinery earnings that were sharply lower, but still healthy by longer-term historical standards. The company noted that its Saint Bernard (the parish, not the dog) Renewables facility co-processing at its Chalmette refinery had received provisional approval from CARB to lower its CI scores and help improve the amount of LCFS subsidies it can receive. That facility is operating at 18mb/day which is roughly 86% of its capacity.
Cenovus highlighted the restart of its Toledo and Superior refineries in improved refinery run rates in Q1 2024 vs Q1 2023 and noted that it had ramped up production at units that were slowed down for economic reasons in December and January (you may remember this as the time when midcontinent basis values were trading 50 cents/gallon below futures). The company did note that the January deep freeze slowed operations at Superior, but did not mention any change in operating rates despite numerous upsets at its 50% owned Borger refinery.
Dress rehearsal for a busy hurricane season? So far there are no reports of refinery issues caused by the flooding in the Houston area this week. At this point, most of the flooding appears to be far to the north of the refining hubs on the Gulf Coast but with more storms in the forecast and 88 counties already declaring disaster status, this will be something to watch for the next few days.
Click here to download a PDF of today's TACenergy Market Talk.