Alon USA Energy, Inc.

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Alon USA Reports First Quarter Earnings; Declares Quarterly Cash Dividend

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Company schedules conference call for May 6, 2008 at 11:00 A.M. Eastern

DALLAS, May 5 /PRNewswire-FirstCall/ -- Alon USA Energy, Inc. (NYSE: ALJ) ("Alon") today announced results for the quarter ended March 31, 2008. Net loss for the first quarter of 2008 was ($33.6) million, or ($0.72) per share, compared to net income of $35.6 million, or $0.76 per share, for the same period last year. Excluding special items, Alon recorded a net loss of ($25.2) million, or ($0.54) per share, for the first quarter of 2008, compared to net income of $35.0 million, or $0.75 per share, for the same period last year.

Special items for the first quarter of 2008 included $9.7 million of after-tax losses recognized in connection with the February 18, 2008 explosion and fire at its Big Spring refinery. These after-tax losses represent insurance deductibles and other incremental costs associated with the fire. The applicable insurance policies provide Alon with a combined single limit of $385 million for property damage, with a $2 million deductible, and business interruption coverage with a 45 day waiting period. Alon also has third party liability insurance which provides coverage with a limit of $150 million and a $5 million deductible.

Special items for the first quarters of 2008 and 2007 also included $1.4 million and $0.6 million, respectively, of after-tax gains recognized on disposition of assets in connection with the contribution of certain pipeline and terminal assets to Holly Energy Partners, LP in the first quarter of 2005.

In addition to the losses recognized in association with the fire, net income for the first quarter of 2008 compared to the first quarter of 2007 was reduced as a result of lower refinery throughput at the Big Spring refinery. Net income for the first quarter of 2008 was also adversely affected by lower asphalt and refinery margins at the California refineries due to increasingly higher costs of crude oil. The California refineries throughput for the first quarter of 2008 continued at reduced rates due to lower refinery margins.

The combined refineries throughput for the first quarter of 2008 averaged 66,682 barrels per day ("bpd"), consisting of an average of 29,270 bpd at the Big Spring refinery and an average of 37,412 bpd at the California refineries compared to a combined average of 124,615 bpd in the first quarter of 2007, consisting of an average of 65,451 bpd at the Big Spring refinery and an average of 59,164 bpd at the California refineries. In addition to the shutdown due to the fire, the Big Spring refinery completed a scheduled turnaround in January 2008 to correct operational issues related to the catalytic reformer.

Gulf Coast 3-2-1 crack spreads decreased to an average of $9.42 per barrel for the first quarter of 2008 compared to an average of $12.75 per barrel for the first quarter of 2007. West Coast 3-2-1 crack spreads decreased to an average of $16.53 per barrel for the first quarter of 2008 compared to an average of $32.49 per barrel for the first quarter of 2007. The WTI/WTS crude oil differentials for the first quarter of 2008 increased to an average of $4.67 per barrel compared to an average of $3.98 per barrel for the first quarter of 2007. Asphalt margins in the first quarter of 2008 were $42.31 per ton compared to $50.70 per ton in the first quarter of 2007.

Jeff Morris, Alon's President and CEO, commented, "The first quarter of 2008 has been the most challenging in the Company's history due to the major fire at the Big Spring refinery combined with reduced industry-wide refining margins from higher crude oil costs. The higher crude oil costs have also reduced refinery margins and resulted in limited production at our California refineries. While the first quarter has been difficult, I am confident in our ability as an organization to meet these challenges and position our company for future growth opportunities. We remain very diligent in our efforts to return the Big Spring refinery to its full operating capacity. We achieved the first stage of operation at the Big Spring refinery with the re-start of the crude unit in a 35,000 barrels per day hydroskimmng mode on April 5. We expect to begin production and sale of rubber modified and ground tire rubber grades of asphalt by June 15. We are also making repairs to re-start the Fluid Catalytic Cracking Unit (FCCU), and our schedule is to complete the repairs by the end of July, which will allow us to operate at full capacity of 70,000 barrels per day.

"While working on our rebuilding efforts at the Big Spring refinery, we continue the initiatives discussed in our latest conference call on March 6, 2008. We are proceeding with an initial public offering related to our retail and branded marketing businesses which we will seek to complete by year end. We are also continuing our evaluations of M&A activities that could potentially strengthen our Company."

Alon also announced today that its Board of Directors has approved the regular quarterly cash dividend of $0.04 per share. The dividend is payable on June 13, 2008 to shareholders of record as of May 30, 2008.

The Company has scheduled a conference call for Tuesday, May 6, 2008, at 11:00 a.m. Eastern, to discuss the first quarter 2008 results. To access the call, please dial 800-218-8862, or 303-262-2140, for international callers, and ask for the Alon USA Energy call at least 10 minutes prior to the start time. Investors may also listen to the conference live on the Alon corporate website, http://www.alonusa.com, by logging on that site and clicking "Investors". A telephonic replay of the conference call will be available through May 22, 2008 and may be accessed by calling 800-405-2236, or 303-590-3000, for international callers, and using the passcode 11112242. A web cast archive will also be available at http://www.alonusa.com shortly after the call and will be accessible for approximately 90 days. For more information, please contact Donna Washburn at DRG&E at 713-529-6600 or email dmw@drg-e.com.

Alon USA Energy, Inc., headquartered in Dallas, Texas, is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Company owns and operates four sour and heavy crude oil refineries in Texas, California and Oregon, with an aggregate crude oil throughput capacity of approximately 170,000 barrels per day. Alon markets gasoline and diesel products under the FINA brand name and is a leading producer of asphalt. Alon also operates more than 300 convenience stores in West Texas and New Mexico substantially under the 7-Eleven and FINA brand names and supplies motor fuels to these stores primarily from its Big Spring refinery. In addition, Alon supplies approximately 780 additional FINA branded stations.

Any statements in this press release that are not statements of historical fact are forward-looking statements. Forward-looking statements reflect our current expectations regarding future events, results or outcomes. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, our business and operations involve numerous risks and uncertainties, many of which are beyond our control, which could result in our expectations not being realized or otherwise materially affect our financial condition, results of operations and cash flows. Additional information regarding these and other risks is contained in our filings with the Securities and Exchange Commission.

This press release does not constitute an offer to sell or the solicitation of offers to buy any security and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.

                              -Tables to follow-



             ALON USA ENERGY, INC. AND SUBSIDIARIES CONSOLIDATED
                               EARNINGS RELEASE

    RESULTS OF OPERATIONS - FINANCIAL DATA
    (ALL INFORMATION IN THIS PRESS RELEASE, EXCEPT FOR BALANCE SHEET DATA AS
    OF DECEMBER 31, 2007 IS UNAUDITED)
                                                  For the Three Months Ended
                                                            March 31,
                                                       2008           2007
    CONSOLIDATED                                    (dollars in thousands,
                                                     except per share data)

    STATEMENT OF OPERATIONS DATA:
    Net sales                                     $1,020,763       $965,905
    Operating costs and expenses:
       Cost of sales                                 968,997        811,261
       Direct operating expenses                      42,289         49,283
       Selling, general and administrative
        expenses (1)                                  28,854         22,538
       Net costs associated with fire                 16,462              -
       Depreciation and amortization (2)              13,745         14,442
          Total operating costs and expenses       1,070,347        897,524
    Gain on disposition of assets (3)                  2,311            955
    Operating income (loss)                          (47,273)        69,336
    Interest expense                                 (10,656)       (11,418)
    Equity earnings of investees                         316            604
    Other income, net                                    745            890
    Income (loss) before income tax expense and
     minority interest in income (loss) of
     subsidiaries                                    (56,868)        59,412
    Income tax expense (benefit)                     (21,093)        21,971
    Income (loss) before minority interest in
     income (loss) of subsidiaries                   (35,775)        37,441
    Minority interest in income (loss) of
     subsidiaries                                     (2,197)         1,876
    Net income (loss)                               $(33,578)       $35,565
    Earnings (loss) per share                         $(0.72)         $0.76

    Weighted average shares outstanding
     (in thousands)                                   46,782         46,757
    Cash dividends per share                           $0.04          $0.04

    CASH FLOW DATA:
    Net cash provided by (used in):
       Operating activities                         $(49,624)       $38,868
       Investing activities                           16,868         (8,876)
       Financing activities                           (4,724)        (5,662)

    OTHER DATA:
    Adjusted net income (loss) (4)                  $(25,198)       $34,977
    Earnings (loss) per share, excluding net
     costs associated with fire, net of tax and
     after-tax gain on disposition of assets (4)      $(0.54)         $0.75
    Adjusted EBITDA (5)                              (34,778)        84,317
    Adjusted EBITDA, excluding $16,462 of net
     costs associated with fire (5)                  (18,316)        84,317
    Capital expenditures (6)                           9,182          4,592
    Capital expenditures for turnaround and
     chemical catalysts                                1,609          4,674

    BALANCE SHEET DATA (end of period):              March 31,    December 31,
                                                       2008           2007
    Cash, cash equivalents and short-term
     investments                                     $31,135        $95,911
    Working capital                                  269,590        279,580
    Total assets                                   1,468,410      1,581,386
    Total debt                                       533,884        536,615
    Total stockholders' equity                       343,418        387,767



                                                   For the Three Months Ended
                                                           March 31,
                                                      2008           2007
    REFINING AND UNBRANDED MARKETING SEGMENT (A)     (dollars in thousands,
                                                   except per barrel data and
                                                       pricing statistics)

    STATEMENT OF OPERATIONS DATA:
    Net sales (7)                                  $772,039       $721,819
    Operating costs and expenses:
       Cost of sales                                755,957        604,303
       Direct operating expenses                     30,473         38,447
       Selling, general and administrative
        expenses                                      4,389          4,978
       Net costs associated with fire                16,462              -
       Depreciation and amortization                  9,630         12,374
          Total operating costs and expenses        816,911        660,102
    Gain on disposition of assets (3)                 2,311          1,024
    Operating income (loss)                        $(42,561)       $62,741

    KEY OPERATING STATISTICS:
    Total sales volume (bpd)                         63,707         84,437
    Per barrel of throughput:
       Refinery operating margin - Big Spring (8)     $6.54         $13.99
       Refinery operating margin - CA
        Refineries (8)                                (0.39)          6.59
       Refinery direct operating expenses - Big
        Spring (9)                                     5.93           3.89
       Refinery direct operating expenses - CA
        Refineries (9)                                 4.31           2.91
    Capital expenditures                              7,702          3,839
    Capital expenditures for turnaround and
     chemical catalysts                               1,609          4,674

    PRICING STATISTICS:
    WTI crude oil (per barrel)                       $98.00         $57.95
    WTS crude oil (per barrel)                        93.33          53.97
    MAYA crude oil (per barrel)                       81.15          45.42
    Crack spreads (3/2/1) (per barrel):
       Gulf Coast (10)                                $9.42         $12.75
       Group III (10)                                 10.10          15.00
       West Coast (10)                                16.53          32.49
    Crack spreads (6/1/2/3) (per barrel):
       West Coast (10)                               $(0.86)         $9.35
    Crude oil differentials (per barrel):
       WTI less WTS (11)                              $4.67          $3.98
       WTI less MAYA (11)                             16.85          12.53
    Product price (dollars per gallon):
       Gulf Coast unleaded gasoline                  $2.431         $1.627
       Gulf Coast low-sulfur diesel                   2.811          1.796
       Group III unleaded gasoline                    2.449          1.672
       Group III low-sulfur diesel                    2.823          1.866
       West Coast LA CARBOB (unleaded gasoline)       2.690          2.260
       West Coast LA ultra low-sulfur diesel          2.799          1.939
       Natural gas (per MMBTU)                        $8.74          $7.18


    (A) Beginning with the three months ended March 31, 2008, our branded
        marketing business has been removed from the refining and marketing
        segment and combined with the retail segment. Information for the
        three months ended March 31, 2007 has been recast to provide a
        comparison to the current year results.



    THROUGHPUT AND YIELD DATA:  BIG SPRING    For the Three Months Ended

                                                       March 31,
                                               2008                2007
                                          Bpd         %       Bpd        %
    Refinery throughput:
       Sour crude                       25,034      85.6    58,617     89.6
       Sweet crude                       2,378       8.1     2,373      3.6
       Blendstocks                       1,858       6.3     4,461      6.8
    Total refinery throughput (12)      29,270     100.0    65,451    100.0
    Refinery production:
       Gasoline                         13,976      48.0    30,517     47.2
       Diesel/jet                        7,640      26.2    18,856     29.1
       Asphalt                           3,098      10.6     6,956     10.7
       Petrochemicals                    1,402       4.8     4,768      7.4
       Other                             3,046      10.4     3,653      5.6
    Total refinery production (13)      29,162     100.0    64,750    100.0
    Refinery Utilization (14)                       40.8%              90.8%



    THROUGHPUT AND YIELD DATA:
     CALIFORNIA REFINERIES                   For the Three Months Ended
                                                      March 31,
                                               2008               2007
                                          Bpd         %       Bpd        %
    Refinery throughput:
    Sour crude                          10,702      28.6    21,463     36.3
    Heavy crude                         25,551      68.3    37,405     63.2
    Blendstocks                          1,159       3.1       296      0.5
    Total refinery throughput (12)      37,412     100.0    59,164    100.0
    Refinery production:
    Gasoline                             5,505      15.3     6,873     11.9
    Diesel/jet                           8,622      23.9    14,086     24.4
    Asphalt                             10,398      28.9    18,753     32.5
    Light unfinished                         0       0.0     2,503      4.3
    Heavy unfinished                    11,282      31.4    14,566     25.2
    Other                                  197       0.5       997      1.7
    Total refinery production (13)      36,004     100.0    57,778    100.0
    Refinery Utilization (14)                       50.0%              83.9%



                                                    For the Three Months Ended
                                                            March 31,
    ASPHALT SEGMENT                                    2008           2007
                                                      (dollars in thousands,
                                                       except per ton data)
    STATEMENT OF OPERATIONS DATA:
    Net sales                                       $103,940       $113,946
    Operating costs and expenses:
       Cost of sales (15)                             92,135         95,795
       Direct operating expenses                      11,816         10,836
       Selling, general and administrative expenses    1,386            557
       Depreciation and amortization                     532            497
          Total operating costs and expenses         105,869        107,685
    Operating income (loss)                          $(1,929)        $6,261

    KEY OPERATING STATISTICS:
    Total sales volume (tons in thousands)               279            358
    Sales price per ton                              $372.54        $318.28
    Asphalt margin per ton (16)                       $42.31         $50.70
    Capital expenditures                                $213           $136



    RETAIL AND BRANDED MARKETING SEGMENT (A)       For the Three Months Ended
                                                            March 31,
                                                       2008           2007
                                                     (dollars in thousands,
                                                     except per gallon data)
    STATEMENT OF OPERATIONS DATA:
    Net sales                                       $309,254       $258,362
    Operating costs and expenses:
       Cost of sales (15)                            285,375        239,385
       Selling, general and administrative
        expenses                                      22,928         16,916
       Depreciation and amortization                   3,360          1,337
          Total operating costs and expenses         311,663        257,638
    Loss on disposition of assets                          -            (69)
    Operating income (loss)                          $(2,409)          $655

    KEY OPERATING STATISTICS:
    Integrated branded fuel sales (thousands
     of gallons) (17)                                 54,158         66,671
    Integrated branded fuel margin (cents per
     gallon) (17)                                        1.8            3.5
    Non-integrated branded fuel sales (thousands
     of gallons) (17)                                 38,269         52,449
    Non-integrated branded fuel margin (cents
     per gallon) (17)                                   (0.2)           0.2

    Number of stores (end of period)                     307            206
    Fuel sales (thousands of gallons)                 24,871         18,867
    Fuel sales (thousands of gallons per site
     per month)                                           27             31
    Fuel margin (cents per gallon) (18)                 18.4           19.7
    Fuel sales price (dollars per gallon) (19)         $3.10          $2.32
    Merchandise sales                                $58,455        $42,040
    Merchandise sales (per site per month)                63             67
    Merchandise margin (20)                            31.4%          30.5%
    Capital expenditures                              $1,127           $495

    (A) Beginning with the three months ended March 31, 2008, our branded
        marketing business has been removed from the refining and marketing
        segment and combined with the retail segment. Information for the
        three months ended March 31, 2007 has been recast to provide a
        comparison to the current year results.


    (1)  Includes corporate headquarters selling, general and administrative
         expenses of $151 and $87 for the three months ended March 31, 2008
         and 2007, respectively, which are not allocated to our three
         operating segments.
    (2)  Includes corporate depreciation and amortization of $223 and $234 for
         the three months ended March 31, 2008 and 2007, respectively, which
         are not allocated to our three operating segments.
    (3)  Gain on disposition of assets reported in the three months ended
         March 31, 2008 and 2007 includes the recognition of deferred gain
         recorded primarily in connection with the contribution of certain
         product pipelines and terminals to Holly Energy Partners, LP in
         March 2005 ("HEP Transaction").
    (4)  The following table provides a reconciliation of net income (loss)
         under United States generally accepted accounting principles ("GAAP")
         to adjusted net income (loss) utilized in determining earnings (loss)
         per common share, excluding the after-tax loss on net costs
         associated with fire and after-tax gain on disposition of assets.
         Our management believes that the presentation of adjusted net income
         (loss) and earnings (loss) per common share, excluding these
         after-tax items, is useful to investors because it provides a more
         meaningful measurement of operating performance for evaluation of our
         Company's results and for comparison to other companies in our
         industry.



                                                    For the Three Months Ended
                                                            March 31,
                                                       2008           2007
                                                      (dollars in thousands,
                                                      except per share data)
    Net income (loss)                               $(33,578)        $35,565
       Plus: Net costs associated with fire,
        net of tax                                     9,749               -
       Less: Gain on disposition of assets, net
        of tax                                        (1,369)           (588)
    Adjusted net income (loss)                      $(25,198)        $34,977

    Weighted average shares outstanding (in
     thousands)                                       46,782          46,757
    Earnings (loss) per share, excluding net
     costs associated with fire, net of tax and
     after-tax gain on disposition of assets          $(0.54)          $0.75


    (5)  Adjusted EBITDA represents earnings before minority interest in
         income (loss) of subsidiaries, income tax expense, interest expense,
         depreciation, amortization and gain on disposition of assets.
         Adjusted EBITDA is not a recognized measurement under GAAP; however,
         the amounts included in Adjusted EBITDA are derived from amounts
         included in our consolidated financial statements. Our management
         believes that the presentation of Adjusted EBITDA is useful to
         investors because it is frequently used by securities analysts,
         investors and other interested parties in the evaluation of companies
         in our industry. In addition, our management believes that Adjusted
         EBITDA is useful in evaluating our operating performance compared to
         that of other companies in our industry because the calculation of
         Adjusted EBITDA generally eliminates the effects of minority interest
         in income of subsidiaries, income tax expense, interest expense, gain
         on disposition of assets and the accounting effects of capital
         expenditures and acquisitions, items which may vary for different
         companies for reasons unrelated to overall operating performance.

         Adjusted EBITDA has limitations as an analytical tool, and you should
         not consider it in isolation, or as a substitute for analysis of our
         results as reported under GAAP.  Some of these limitations are:

         -- Adjusted EBITDA does not reflect our cash expenditures or future
            requirements for capital expenditures or contractual commitments;
         -- Adjusted EBITDA does not reflect the interest expense or the cash
            requirements necessary to service interest or principal payments
            on our debt;
         -- Adjusted EBITDA does not reflect the prior claim that minority
            stockholders have on the income generated by non-wholly-owned
            subsidiaries;
         -- Adjusted EBITDA does not reflect changes in or cash requirements
            for our working capital needs; and
         -- Our calculation of Adjusted EBITDA may differ from the Adjusted
            EBITDA calculations of other companies in our industry, limiting
            its usefulness as a comparative measure.


         Because of these limitations, Adjusted EBITDA should not be
         considered a measure of discretionary cash available to us to invest
         in the growth of our business.  We compensate for these limitations
         by relying primarily on our GAAP results and using Adjusted EBITDA
         only supplementally.

             The following table reconciles net income (loss) to Adjusted
         EBITDA for the three months ended March 31, 2008 and 2007,
         respectively:



                                                    For the Three Months Ended
                                                             March 31,
                                                       2008           2007
                                                      (dollars in thousands)
    Net income (loss)                               $(33,578)        $35,565
    Minority interest in income (loss) of
     subsidiaries                                     (2,197)          1,876
    Income tax expense (benefit)                     (21,093)         21,971
    Interest expense                                  10,656          11,418
    Depreciation and amortization                     13,745          14,442
    Gain on disposition of assets                     (2,311)           (955)
    Adjusted EBITDA
                                                    $(34,778)        $84,317

         Adjusted EBITDA, excluding $16,462 of net costs associated with fire,
         is presented to provide investors with a measure of Adjusted EBITDA
         that is comparable to adjusted net income (loss) which also excludes
         net costs associated with the fire at our Big Spring refinery.

    (6)  Includes corporate capital expenditures of $140 and $122 for the
         three months ended March 31, 2008 and 2007, respectively, which are
         not allocated to our three operating segments.
    (7)  Net sales include intersegment sales to our asphalt and retail and
         branded marketing segments at prices which approximate wholesale
         market price.  These intersegment sales are eliminated through
         consolidation of our financial statements.
    (8)  Refinery operating margin is a per barrel measurement calculated by
         dividing the margin between net sales and cost of sales attributable
         to each refinery by the refinery's throughput volumes.  Industry-wide
         refining results are driven and measured by the margins between
         refined product prices and the prices for crude oil, which are
         referred to as crack spreads.  We compare our refinery operating
         margins to these crack spreads to assess our operating performance
         relative to other participants in our industry.
    (9)  Refinery direct operating expense is a per barrel measurement
         calculated by dividing direct operating expenses at our Big Spring
         and California refineries, exclusive of depreciation and amortization,
         by the applicable refinery's total throughput volumes.
    (10) A 3/2/1 crack spread in a given region is calculated assuming that
         three barrels of crude oil are converted, or cracked, into two
         barrels of gasoline and one barrel of diesel.  We calculate the Gulf
         Coast 3/2/1 crack spread using the market values of Gulf Coast
         conventional gasoline and low-sulfur diesel and the market value of
         WTI crude oil.  We calculate the Group III 3/2/1 crack spread using
         the market values of Group III conventional gasoline and low-sulfur
         diesel and the market value of WTI crude oil.  We calculate the West
         Coast 3/2/1 crack spread using the market values of West Coast LA
         CARB pipeline gasoline and ultra-low sulfur pipeline diesel and the
         market value of WTI crude oil.  A 6/1/2/3 crack spread is calculated
         assuming that six barrels of a benchmark crude oil are converted, or
         cracked, into one barrel of gasoline, two barrels of diesel and three
         barrels of fuel oil. We calculate the West Coast 6/1/2/3 crack spread
         using the market values of West Coast LA CARB pipeline gasoline, LA
         ultra low-sulfur pipeline diesel, LA 380 pipeline CST (fuel oil) and
         the market value of WTI crude oil.
    (11) The WTI/WTS, or sweet/sour, spread represents the differential
         between the average value per barrel of WTI crude oil and the average
         value per barrel of WTS crude oil.  The WTI/Maya, or light/heavy,
         spread represents the differential between the average value per
         barrel of WTI crude oil and the average value per barrel of Maya
         crude oil.
    (12) Total refinery throughput represents the total barrels per day of
         crude oil and blendstock inputs in the refinery production process.
    (13) Total refinery production represents the barrels per day of various
         finished products produced from processing crude and other refinery
         feedstocks through the crude units and other conversion units at the
         refinery.
    (14) Refinery utilization represents average daily crude oil throughput
         divided by crude oil capacity, excluding planned periods of downtime
         for maintenance and turnarounds. The decrease in refinery utilization
         at our Big Spring refinery is due to the fire on February 18, 2008
         which ceased production at the refinery until limited operations were
         resumed on April 5, 2008. The decrease in refinery utilization at our
         California refineries is due to reduced throughput related to low
         refining margins.
    (15) Cost of sales includes intersegment purchases of asphalt blends and
         motor fuels from our refining and unbranded marketing segment at
         prices which approximate wholesale market prices.  These intersegment
         purchases are eliminated through consolidation of our financial
         statements.
    (16) Asphalt margin is a per ton measurement calculated by dividing the
         margin between net sales and cost of sales by the total sales volume.
         Asphalt margins are used in the asphalt industry to measure operating
         results related to asphalt sales.
    (17) Marketing sales volume represents branded fuel sales to our wholesale
         marketing customers located in both our integrated and non-integrated
         regions.  The branded fuels we sell in our integrated region are
         primarily supplied by the Big Spring refinery.  The branded fuels we
         sell in the non-integrated region are obtained from third-party
         suppliers.  The marketing margin represents the margin between the
         net sales and cost of sales attributable to our branded fuel sales
         volume, expressed on a cents per gallon basis.
    (18) Fuel margin represents the difference between motor fuel sales
         revenue and the net cost of purchased motor fuel, including
         transportation costs and associated motor fuel taxes, expressed on a
         cents per gallon basis. Motor fuel margins are frequently used in the
         retail industry to measure operating results related to motor fuel
         sales.
    (19) Fuel sales price per gallon represents the average sales price for
         motor fuels sold through our retail convenience stores.
    (20) Merchandise margin represents the difference between merchandise
         sales revenues and the delivered cost of merchandise purchases, net
         of rebates and commissions, expressed as a percentage of merchandise
         sales revenues.  Merchandise margins, also referred to as in-store
         margins, are commonly used in the retail convenience store industry
         to measure in-store, or non-fuel, operating results.


     Contacts:  Claire A. Hart, Senior Vice President
                Alon USA Energy, Inc.
                972-367-3649

                Investors:  Jack Lascar/Sheila Stuewe
                DRG&E / 713-529-6600
                Media:  Blake Lewis
                Lewis Public Relations
                214-269-2093
                Ruth Sheetrit
                SMG Public Relations
                011-972-547-555551

SOURCE Alon USA Energy, Inc.