Able Energy Announces Filing of Form 15

Able Energy, Inc. ("Able") announced today that on February 17, 2009 it filed a Form 15 with the Securities and Exchange Commission (“SEC”) to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended.

Upon the filing of the Form 15, the Company’s obligation to file certain reports with the SEC, including Form 10-K, 10-Q and 8-K, is immediately suspended. The Company expects that the deregistration of its common stock will become effective 90 days after the date of filing of the Form 15 with the SEC. While no longer required by the SEC after deregistering, the Company intends to provide selected quarterly and annual information regarding the Company’s performance to its shareholders by means of periodic press releases.

The decision to deregister the Company’s stock is the result of the enormous and continued cost of compliance with Sarbanes Oxley and other reporting requirements which the Company believes are outweighed by the need to conserve cash at this time.

Able is engaged in two primary business activities, organized in two segments; the Oil Segment and the Travel Plaza Segment. The Company’s Oil Segment is engaged in the retail distribution of, and the provision of services relating to, #2 home heating oil, propane gas, kerosene and diesel fuels. In addition to selling liquid energy products, the Company offers complete heating, ventilation and air conditioning (“HVAC”) installation and repair and other services and also markets other petroleum products to commercial customers, including on-road and off-road diesel fuel, gasoline and lubricants. The Company’s Travel Plaza Segment, operated by its wholly-owned subsidiary All American Plazas, Inc., is engaged in the retail sale of food, merchandise, fuel, personal services, onsite and mobile vehicle repair, services and maintenance to both the professional and leisure driver through a network of travel plazas, located in Pennsylvania, New Jersey, New York and Virginia.

This announcement includes forward-looking statements based on current expectations. Opinions, forecasts, projections or statements other than statements of historical fact, are forward-looking statements that involve risks and uncertainties. You can find the Company's filings with the Securities and Exchange Commission at www.ableenergy.com or at www.sec.gov. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.