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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.

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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.

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24/7 Supply & Logistics

Highly-trained logistics professionals are always available in our 24/7 Supply and Logistics call center.

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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.

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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.

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Industry Solutions

We serve the fuel needs of a wide range of retail, wholesale, commercial, government and industrial customers with our products and services.

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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.

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Fuel & Support Products

Choose from a complete range of fuels & support products.

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Fuels (Branded & Unbranded)

We offer custom retail gas programs.

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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.

News & Views

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Pivotal Week For Price Action
TACenergyMonday, Nov 21, 2022

Wholesale Gasoline Prices Have Dropped To Their Lowest Levels Since Last Christmas

Wholesale gasoline prices have dropped to their lowest levels since last Christmas, after 3 weeks of selling that will give consumers across most of the country something to be thankful for this week. Crude oil and diesel prices have also come under pressure and are currently holding near technical support levels that look pivotal for price action for the remainder of the year. 

One unusual note about this selloff: WTI has slipped into a slight contango with the December contract trading roughly 20 cents less than January, a phenomenon we haven’t seen in over a year.   That shift in the price curve follows reports that European refiners are actually oversupplied with crude oil, as traders have done too good of a job preparing for the upcoming embargo on Russian imports. Now that crude oil inventories are filling up ahead of their December deadline, the question is if the same feat can be accomplished for diesel before that ban hits in February

Right on cue, Kuwait’s new 600mb/day refinery, the largest in the Middle East, continues to slowly bring units online, and reportedly sold its first distillate cargo into the export market this week. While the new refining capacity is certainly welcomed in a world starving for diesel fuel, the challenge will be finding enough cargoes to get that fuel where it needs to go, and tanker rates that are surging as a result.

Meanwhile, while many headlines focused on Qatar not serving beer at the world cup, the country was closing on the longest supply deal in history to supply China with LNG for 27 years.  Long term deals are critical in the LNG market that requires billion dollar facilities to be able to freeze the gas before it can be loaded on ships, and as part of the reason the world is essentially “sold out” on new LNG for the next 3-4 years. 

Money managers reduced their length in petroleum contracts last week with a combination of new short positions and liquidated longs both contributing to the drop.  The total positions held, and the open interest in all contracts continues to suggest there’s plenty of money that’s not playing in the energy arena these days, and whether or not it ever comes back may have a large impact on how prices behave in the coming year.  

Baker Hughes reported a net increase of 1 oil rig and 2 natural gas rigs drilling in the US last week. The total of 623 oil rigs is the highest since the pandemic shutdown started in March 2023, but is still 60 rigs lower than pre-COVID levels. 

Click here to download a PDF of today's TACenergy Market Talk.

Market Talk

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Pivotal Week For Price Action
Market TalkThursday, Dec 01, 2022

December Trading Is Kicking Off With Modest Gains For Energy Contracts

December trading is kicking off with modest gains for energy contracts after a strong finish to November helped the complex avoid a technical breakdown.  

Equity markets saw another big rally Wednesday after the FED chair suggested that smaller rate hikes were coming. The correlation between energy and equity markets remains weak, so it doesn’t seem like that’s having much influence on daily pricing, but it certainly doesn’t hurt the case for a recovery rally.  New reports that China may ease some lockdowns in the wake of last weekend’s protests is also getting some credit for the strength in prices after they reached 11 month lows on Monday.

The DOE’s weekly report had something for everyone with crude oil stocks showing some bullish figures while refined product supplies got some much-needed relief.

US Crude oil inventories saw a huge drop of more than 12 million barrels last week thanks to a surge in exports to the 3rd highest level on record, a drop in imports, and the SPR sales that have been supplementing commercial supplies for the past 6 months wind down. The market reaction was fairly muted to the big headline drop, which is probably due to the inconsistent nature of the import/export flows, which are likely to reverse course next week. The lack of SPR injections will be a key figure to watch through the winter, particularly as the Russian embargo starts next week.

Diesel inventories increases across all 5 PADDs last week, as demand dipped again and imports ticked higher. Diesel exports remain above average, and are expected to continue that pace in the near term as European and Latin American buyers continue to be short. Read this note for why in the long term more of those supplies will probably come from China or Kuwait

US refiners continue to run all-out, with total throughput last week reaching its highest level since the start of the pandemic, even though we’ve lost more than 600,000 barrels/day of capacity since then. Those high run rates at a time of soft demand help explain why we’re seeing big negative basis values at the refining hubs around the country and if the pipeline and vessel outlets can’t keep pace to move that product elsewhere we may see those refiners forced to cut back due to lack of storage options.

The EPA was required by court order to submit its plans for the renewable fuel standard by November 16, and then came to an agreement to release them on November 30, and then apparently decided to meet that deadline, but not release the plan to the public. If you think this is ridiculous, you’re not alone, but keep in mind this is the same agency that regularly missed the statutory deadline by more than a year previously, so it’s also not too surprising. This is also the law that required 16 billion gallons/year of cellulosic biofuels be blended by 2022 when it was put into place 15 years ago, only to run into a wall of physical reality where the country is still unable to produce even 1 billion gallons/year of that fuel. 

There are still expectations that the public may get to see the proposed rulings later this week, and reports that renewable electricity generation will be added to the mix for the first time ever starting next year. RIN prices were pulling back from the 18 month highs they reached leading up to the non-announcement as it seems the addition of “eRINs” will add new RIN supply, and potentially offset the increased biofuel mandates.

Click here to download a PDF of today's TACenergy Market Talk, including all charts from the Weekly DOE Report.