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.

Energy prices found a temporary floor after hitting new multi-month lows Wednesday morning as a rally to record highs in US equity markets and a modestly bullish DOE report both seemed to encourage buyers to step back into the ring.

RBOB and ULSD futures both bounced more than 6 cents off of their morning lows, following a CPI report that eased inflation fears and boosted hopes for the stock market’s obsession of the FED cutting interest rates. Even though the correlation between energy prices and equities and currencies has been weak lately, the spillover effect on the bidding was clear from the timing of the moves Wednesday.

The DOE’s weekly report seemed to add to the optimism seen in equity markets as healthy increases in the government’s demand estimates kept product inventories from building despite increased refinery runs.

PADD 3 diesel stocks dropped after large increases in each of the past 3 weeks pushed inventories from the low end of their seasonal range to average levels. PADD 2 inventories remain well above average which helps explain the slump in mid-continent basis values over the past week. Diesel demand showed a nice recovery on the week and would actually be above the 5 year average if the 5% or so of US consumption that’s transitioned to RD was included in these figures.

Gasoline inventories are following typical seasonal patterns except on the West Coast where a surge in imports helped inventories recover for a 3rd straight week following April’s big basis rally.

Refiners for the most part are also following the seasonal script, ramping up output as we approach the peak driving demand season which unofficially kicks off in 10 days. PADD 2 refiners didn’t seem to be learning any lessons from last year’s basis collapse and rapidly increased run rates last week, which is another contributor to the weakness in midwestern cash markets. One difference this year for PADD 2 refiners is the new Transmountain pipeline system has eroded some of their buying advantage for Canadian crude grades, although those spreads so far haven’t shrunk as much as some had feared.