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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 TalkFriday, Feb 03, 2023

Weakness in Diesel Prices, Soft Demand in Focus

ULSD futures have dropped 80 cents in 9 days as the market has acted as if it’s only worried about a slowdown in demand, and not so much the lingering concerns about supply. After the January lows acted like nothing more than a speed bump this week, the next target on the charts is the December lows around $2.78, roughly 10 cents below the lows set this morning. That is about the only thing on the charts standing in the way of a drop to the $2.50 range, although we’re set up for at least a short-term bounce after this latest wave of selling.

It’s worth noting that the big physical players aren’t figuratively buying the selling in futures, and are instead literally buying up prompt barrels, and keeping cash prices for distillates above their January lows so far. The relaxation of backwardation seems to be playing a part in the stronger basis differentials in the front of the curve, and markets in the Midwest that had been trading 40-50 cents below futures during the winter doldrums are now only seeing single digit discounts. 

A record-setting cold snap in the Northeast US would typically be cause for at least a brief jump in diesel futures, but the severe weather forecast this weekend is apparently seen as too little, too late, and too short to offset the much warmer than normal winter that has curbed heating demand and alleviated so many concerns about another supply crunch last fall. That doesn’t mean this storm won’t come without challenges, as vessel delays, freezing equipment and power outages are all still a possibility, but since temps will be back in the 40s by Sunday, that may be an afterthought by Monday morning.

The January payroll report smashed most expectations, with more than 517,000 jobs added during the month. That good news for the economy could end up being bad news for markets that had rallied the past couple of days in hopes that the FED might take it easy on the tightening. 

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