Exhibit 99.1

		NEWS RELEASE
		Contacts:		Claire A. Hart, Senior Vice President
				Alon USA Energy, Inc.
				972-367-3649
FOR IMMEDIATE RELEASE
				Investors: Jack Lascar/Sheila Stuewe
				DRG&E / 713-529-6600
				Media: Blake Lewis
				Lewis Public Relations
				214-635-3020
				Ruth Sheetrit
				SMG Public Relations
				011-972-547-555551

Alon USA Reports First Quarter Results

Declares Quarterly Cash Dividend
Company schedules conference call for May 7, 2010 at 10:00 A.M. Eastern

     DALLAS, TEXAS, May 6, 2010 — Alon USA Energy, Inc. (NYSE: ALJ) (“Alon”) today announced results for the first quarter of 2010. Net loss for the first quarter of 2010 was ($52.9) million, or ($0.98) per share, compared to net income of $17.4 million, or $0.37 per share, for the same period last year. Excluding special items, Alon recorded net loss of ($49.1) million, or ($0.91) per share, for the first quarter of 2010, compared to net income of $19.3 million, or $0.41 per share, for the same period last year.

     Jeff Morris, Alon’s CEO, commented, “In March 2010, Alon Refining Krotz Springs prepaid its revolving credit facility from a new $65 million bridge credit facility that is scheduled to terminate on June 15, 2010. In April 2010, Alon Refining Krotz Springs signed a multi-year agreement with a major financial institution that will allow us to retire the obligations under this bridge credit facility and support the operation of the Krotz Springs refinery at 75,000 barrels per day. The structure of this new agreement is also expected to result in lower borrowing costs. The Krotz Springs refinery has been shut down since November 2009 for turnaround and capital projects work and is expected to be back in full operation in the second half of May 2010. We appreciate the trust and confidence we received from these financial institutions in entering into these arrangements with us.

     “Also in March 2010, a U.S. bankruptcy court approved our purchase of the Bakersfield refinery from Big West of California, LLC, a subsidiary of Flying J, Inc. We are continuing our work to finalize this transaction. As I have noted before, we believe the Bakersfield refinery provides an alternative solution to convert our current vacuum gas oil production at our California refineries into gasoline and distillate products.”

     Special items for the first quarter of 2010 include an after-tax loss of ($3.9) million for the write-off of debt issuance costs associated with our prepayment of the Alon Refining Krotz Springs revolving credit facility. Special items for the first quarter of 2009 included accumulated dividends of $2.0 million on the preferred shares of Alon Refining Louisiana prior to their conversion to common stock of Alon at December 31, 2009.

     Refinery operating margin at the Big Spring refinery was $4.91 per barrel for the first quarter of 2010 compared to $13.63 per barrel for the same period in 2009. This decrease was primarily due to lower Gulf Coast 3/2/1 crack spreads. Refinery operating margin at the California refineries was ($0.42) per barrel for the first quarter of 2010 compared to $1.21 per barrel for the same period in 2009. This decrease primarily resulted from lower West Coast 3/2/1 crack spreads.

     The Big Spring refinery and California refineries combined throughput for the first quarter of 2010 averaged 61,047 barrels per day (“bpd”), consisting of 42,784 bpd at the Big Spring refinery and 18,263 bpd at the California refineries compared to a combined average of 93,178 bpd in the first quarter of 2009, consisting of 64,417 bpd at the Big Spring refinery and 28,761 bpd at the California refineries. The Big Spring refinery throughput was

lower due to reformer regeneration work performed during the first quarter of 2010. The California refineries’ throughput was lower due to efforts to optimize asphalt production with demand. There was no throughput at the Krotz Springs refinery in the first quarter of 2010 due to turnaround and capital projects work. Throughput at the Krotz Springs refinery for the first quarter of 2009 was 53,712 bpd.

     Gulf Coast 3/2/1 average crack spreads were $7.09 per barrel for the first quarter of 2010 compared to $9.65 per barrel for the first quarter of 2009. Gulf Coast 2/1/1 high sulfur diesel average crack spreads were $6.25 per barrel for the first quarter of 2010 compared to $9.48 per barrel for the first quarter of 2009. West Coast 3/2/1 average crack spreads were $10.12 per barrel for the first quarter of 2010 compared to $17.92 per barrel for the first quarter of 2009.

     Asphalt margins for the first quarter of 2010 increased to an average of ($28.50) per ton compared to ($51.48) per ton for the first quarter of 2009. On a cash basis, asphalt margins in the first quarter of 2010 were $14.44 per ton compared to $108.61 per ton in the first quarter of 2009. Adjusted EBITDA for the asphalt segment in the first quarter of 2010 was ($10.0) million, after excluding negative inventory effects of ($6.5) million, compared to adjusted EBITDA in the first quarter of 2009 of $8.3 million, after excluding negative inventory effects of ($29.5) million. The average blended asphalt sales price increased 47.5% from $314.16 per ton in the first quarter of 2009 to $463.53 per ton in the first quarter of 2010 and the average non-blended asphalt sales price increased 169.8% from $123.73 per ton in the first quarter of 2009 to $333.82 per ton in the first quarter of 2010. The blended asphalt sales accounted for 89.1% of total asphalt sales in the first quarter of 2010.

     In our retail and branded marketing segment, retail fuel sales gallons increased by 15.6% from 28.3 million gallons in the first quarter of 2009 to 32.7 million gallons in the first quarter of 2010. Our branded fuel sales increased by 5.5% from 66.8 million gallons in the first quarter of 2009 to 70.5 million gallons in the first quarter of 2010.

     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 15, 2010, to stockholders of record at the close of business on May 28, 2010.

     The Company has scheduled a conference call for Friday, May 7, 2010, at 10:00 a.m. Eastern, to discuss the first quarter 2010 results. To access the call, please dial 877-941-2332, or 480-629-9722, 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 onto that site and clicking “Investors”. A telephonic replay of the conference call will be available through May 21, 2010, and may be accessed by calling 800-406-7325, or 303-590-3030, for international callers, and using the passcode 4280015#. 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 four crude oil refineries in Texas, California, Louisiana and Oregon, with an aggregate crude oil throughput capacity of approximately 250,000 barrels per day. Alon is a leading producer of asphalt, which it markets through its asphalt terminals predominately in the Western United States. Alon is the largest 7-Eleven licensee in the United States and operates more than 300 convenience stores in Texas and New Mexico. Alon markets motor fuel products under the FINA brand at these locations and at approximately 625 distributor-serviced locations.

     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.

-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, 2009, IS UNAUDITED)

		For the Three Months Ended
		March 31,
		2010				2009
		(dollars in thousands,
		except per share data)
STATEMENT OF OPERATIONS DATA:
Net sales (1)		$	579,313			$	722,180
Operating costs and expenses:
Cost of sales			538,715				539,730
Direct operating expenses			61,444				68,864
Selling, general and administrative expenses (2)			31,807				31,915
Depreciation and amortization (3)			26,322				22,090
Total operating costs and expenses			658,288				662,599
Operating income (loss)			(78,975	)			59,581
Interest expense (4)			(26,585	)			(28,256	)
Equity losses of investees			(103	)			(3	)
Other income, net (5)			14,204				257
Income (loss) before income tax expense (benefit), non-controlling interest in income (loss) of subsidiaries and accumulated dividends on preferred stock of subsidiary			(91,459	)			31,579
Income tax expense (benefit)			(34,713	)			10,995
Income (loss) before non-controlling interest in income (loss) of subsidiaries and accumulated dividends on preferred stock of subsidiary			(56,746	)			20,584
Non-controlling interest in income (loss) of subsidiaries			(3,804	)			1,083
Accumulated dividends on preferred stock of subsidiary			—				2,150
Net income (loss) available to common stockholders		$	(52,942	)		$	17,351
Earnings (loss) per share, basic and diluted		$	(0.98	)		$	0.37
Weighted average shares outstanding, basic (in thousands)			54,161				46,806
Cash dividends per share		$	0.04			$	0.04
CASH FLOW DATA:
Net cash provided by (used in):
Operating activities		$	(40,979	)		$	119,527
Investing activities			(6,331	)			(15,009	)
Financing activities			14,433				(104,679	)
OTHER DATA:
Adjusted net income (loss) available to common stockholders (6)		$	(49,068	)		$	19,347
Earnings (loss) per share, excluding write-off of unamortized debt issuance costs, net of tax, and accumulated dividends on preferred stock of subsidiary (6)		$	(0.91	)		$	0.41
Adjusted EBITDA (7)			(38,552	)			81,925
Capital expenditures (8)			7,303				10,357
Capital expenditures to rebuild the Big Spring refinery			—				32,135
Capital expenditures for turnaround and chemical catalyst			10,009				7,363

		March 31,				December 31,
		2010				2009
BALANCE SHEET DATA (end of period):
Cash and cash equivalents		$	7,560			$	40,437
Working capital			29,198				84,257
Total assets			2,083,646				2,132,789
Total debt			954,616				937,024
Total equity			377,055				431,918

REFINING AND UNBRANDED MARKETING SEGMENT

		For the Three Months Ended
		March 31,
		2010				2009
		(dollars in thousands, except per
		barrel data and pricing statistics)
STATEMENTS OF OPERATIONS DATA:
Net sales (9)		$	483,040			$	633,297
Operating costs and expenses:
Cost of sales			463,864				469,363
Direct operating expenses			50,352				58,371
Selling, general and administrative expenses			6,388				7,327
Depreciation and amortization			20,954				16,877
Total operating costs and expenses			541,558				551,938
Operating income (loss)		$	(58,518	)		$	81,359
KEY OPERATING STATISTICS:
Total unbranded sales volume (bpd)			36,280				122,459
Per barrel of throughput:
Refinery operating margin — Big Spring (10)		$	4.91			$	13.63
Refinery operating margin — CA Refineries (10)			(0.42	)			1.21
Refinery operating margin — Krotz Springs (10)			N/A				13.19
Refinery direct operating expenses — Big Spring (11)			6.57				3.60
Refinery direct operating expenses — CA Refineries (11)			8.82				5.84
Refinery direct operating expenses — Krotz Springs (11)			N/A				4.63
Capital expenditures		$	6,312			$	9,398
Capital expenditures to rebuild Big Spring refinery			—				32,135
Capital expenditures for turnaround and chemical catalyst			10,009				7,363
PRICING STATISTICS:
WTI crude oil (per barrel)		$	78.75			$	43.10
WTS crude oil (per barrel)			76.87				42.16
MAYA crude oil (per barrel)			69.84				38.58
Crack spreads (3/2/1) (per barrel):
Gulf Coast (12)		$	7.09			$	9.65
Group III (12)			6.75				9.72
West Coast (12)			10.12				17.92
Crack spreads (6/1/2/3) (per barrel):
West Coast (12)		$	1.45			$	6.21
Crack spreads (2/1/1) (per barrel):
Gulf Coast high sulfur diesel (12)		$	6.25			$	9.48
Crude oil differentials (per barrel):
WTI less WTS (13)		$	1.88			$	0.94
WTI less MAYA (13)			8.91				4.52
Product price (dollars per gallon):
Gulf Coast unleaded gasoline		$	2.040			$	1.218
Gulf Coast ultra low-sulfur diesel			2.052				1.331
Gulf Coast high sulfur diesel			2.008				1.285
Group III unleaded gasoline			2.036				1.232
Group III ultra low-sulfur diesel			2.035				1.309
West Coast LA CARBOB (unleaded gasoline)			2.136				1.505
West Coast LA ultra low-sulfur diesel			2.076				1.349
Natural gas (per MMBTU)		$	4.99			$	4.47

THROUGHPUT AND YIELD DATA:
BIG SPRING

		For the Three Months Ended
		March 31,
		2010								2009
		bpd				%				bpd				%
Refinery throughput:
Sour crude			35,978				84.1				55,452				86.1
Sweet crude			5,258				12.3				7,864				12.2
Blendstocks			1,548				3.6				1,101				1.7
Total refinery throughput (14)			42,784				100.0				64,417				100.0
Refinery production:
Gasoline			20,618				48.9				28,265				44.9
Diesel/jet			13,743				32.6				21,737				34.5
Asphalt			2,359				5.6				5,228				8.3
Petrochemicals			2,021				4.8				3,026				4.8
Other			3,396				8.1				4,672				7.5
Total refinery production (15)			42,137				100.0				62,928				100.0
Refinery utilization (16)							64.8	%							90.5	%

THROUGHPUT AND YIELD DATA:
CALIFORNIA REFINERIES

		For the Three Months Ended
		March 31,
		2010								2009
		bpd				%				bpd				%
Refinery throughput:
Sour crude			4,106				22.5				12,225				42.5
Heavy crude			13,740				75.2				16,498				57.4
Blendstocks			417				2.3				38				0.1
Total refinery throughput (14)			18,263				100.0				28,761				100.0
Refinery production:
Gasoline			2,469				14.0				3,266				11.5
Diesel/jet			3,370				19.1				6,215				22.0
Asphalt			6,163				34.9				8,735				30.9
Light unfinished			—				—				1,909				6.7
Heavy unfinished			5,259				29.8				7,796				27.6
Other			393				2.2				370				1.3
Total refinery production (15)			17,654				100.0				28,291				100.0
Refinery utilization (16)							24.6	%							58.5	%

THROUGHPUT AND YIELD DATA:
KROTZ SPRINGS

		For the Three Months Ended
		March 31,
		2010								2009
		bpd				%				bpd				%
Refinery throughput:
Light sweet crude			—				—				27,423				51.1
Heavy sweet crude			—				—				20,083				37.4
Blendstocks			—				—				6,206				11.5
Total refinery throughput (14)			—				—				53,712				100.0
Refinery production:
Gasoline			—				—				24,449				44.7
Diesel/jet			—				—				24,468				44.7
Heavy oils			—				—				887				1.6
Other			—				—				4,885				9.0
Total refinery production (15)			—				—				54,689				100.0
Refinery utilization (16)							N/A								57.2	%

ASPHALT SEGMENT

		For the Three Months Ended
		March 31,
		2010				2009
		(dollars in thousands,
		except per ton data)
STATEMENTS OF OPERATIONS DATA:
Net sales		$	67,141			$	50,760
Operating costs and expenses:
Cost of sales (17)			71,445				60,233
Direct operating expenses			11,092				10,493
Selling, general and administrative expenses			1,066				1,154
Depreciation and amortization			1,717				1,698
Total operating costs and expenses			85,320				73,578
Operating loss		$	(18,179	)		$	(22,818	)
KEY OPERATING STATISTICS:
Blended asphalt sales volume (tons in thousands) (18)			129				147
Non-blended asphalt sales volume (tons in thousands) (19)			22				37
Blended asphalt sales price per ton (18)		$	463.53			$	314.16
Non-blended asphalt sales price per ton (19)		$	333.82			$	123.73
Asphalt margin per ton (20)		$	(28.50	)		$	(51.48	)
Capital expenditures		$	179			$	162

RETAIL AND BRANDED MARKETING SEGMENT

		For the Three Months Ended
		March 31,
		2010				2009
		(dollars in thousands,
		except per gallon data)
STATEMENTS OF OPERATIONS DATA:
Net sales (1)		$	226,028			$	167,470
Operating costs and expenses:
Cost of sales (17)			200,302				139,481
Selling, general and administrative expenses			24,165				23,244
Depreciation and amortization			3,420				3,368
Total operating costs and expenses			227,887				166,093
Operating income (loss)		$	(1,859	)		$	1,377
KEY OPERATING STATISTICS:
Branded fuel sales (thousands of gallons) (21)			70,469				66,792
Branded fuel margin (cents per gallon) (21)			4.2				5.6
Number of stores (end of period)			308				306
Retail fuel sales (thousands of gallons)			32,714				28,283
Retail fuel sales (thousands of gallons per site per month)			35				31
Retail fuel margin (cents per gallon) (22)			9.0				14.2
Retail fuel sales price (dollars per gallon) (23)		$	2.63			$	1.87
Merchandise sales		$	63,482			$	63,053
Merchandise sales (per site per month)			69				69
Merchandise margin (24)			30.0	%			31.7	%
Capital expenditures		$	397			$	219

		For the Three Months Ended
		March 31,
		2010				2009
		(dollars in thousands,
		except per share data)
Net income (loss) available to common stockholders		$	(52,942	)		$	17,351
Plus: Write-off of unamortized debt issuance costs, net of tax			3,874				—
Plus: Accumulated dividends on preferred stock of subsidiary			—				1,996
Adjusted net income (loss) available to common stockholders		$	(49,068	)		$	19,347
Weighted average shares outstanding (in thousands)			54,161				46,806
Earnings (loss) per share, excluding write-off of unamortized debt issuance costs, net of tax, and accumulated dividends on preferred stock of subsidiary		$	(0.91	)		$	0.41

•

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 non-controlling interest has 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 EBITDA calculations of other companies in our industry, limiting its usefulness as a comparative measure.

		For the Three Months Ended
		March 31,
		2010				2009
		(dollars in thousands)
Net income (loss) available to common stockholders		$	(52,942	)		$	17,351
Non-controlling interest in income (loss) of subsidiaries (including accumulated dividends on preferred stock of subsidiary)			(3,804	)			3,233
Income tax expense (benefit)			(34,713	)			10,995
Interest expense			26,585				28,256
Depreciation and amortization			26,322				22,090
Adjusted EBITDA		$	(38,552	)		$	81,925