FFP Marketing Announces Substantially Improved Second Quarter Earnings Of $2,066,000

         Net Income Rose by $1.3 Million Over Second Quarter of 2000

    FORT WORTH, Texas, Aug. 21 FFP Marketing Company, Inc.
(Amex: FMM) announced today that it earned $2,066,000 ($0.54 per share,
diluted) in its second quarter of 2001.  The Company's net income in the
second quarter reflects a $1,334,000 improvement (185%) over its net income of
$732,000 ($0.18 per share, diluted) in the second quarter of 2000.  Total
revenues in the second quarter of 2001 were $183,311,000, a 3% increase over
total revenues of $177,800,000 in the second quarter of 2000.

    The following table compares key financial results for 2000 and 1999:

                                   Second Quarter            First Half
                                  2001        2000        2001        2000
                                               (In thousands)
    Total revenues              $183,311    $177,800    $341,604    $333,421
    Total gross margin            21,350      20,112      36,768      38,029
    EBITDA (A)                     6,215       3,922       5,651       5,552
    Operating income (B)           4,002       1,819       1,333       1,375
    Net income (loss)              2,066         732        (265)       (152)

    (A)  "EBITDA" is net income (loss) before interest expense, income taxes,
         and depreciation and amortization expense.
    (B)  "Operating Income" is net income before interest income, interest
         expense, incomes taxes, and extraordinary items.

    "Our improvement in the second quarter was largely attributable to
additional activity at our terminal located in the mid-cities area of Dallas
and Fort Worth," said John H. Harvison, Chief Executive Officer.  Mr. Harvison
noted two highlights from the recent second quarter:
    --  EBITDA rose by 58% to $6,215,000 in the second quarter of 2001,
        compared to $3,922,000 in the second quarter of 2000.
    --  Operating income improved by 120% to $4,002,000 in the second quarter
        of 2001, compared to $1,819,000 in the second quarter of 2000.

    In the first six months of 2001, the Company incurred a net loss of
$265,000 ($0.07 per share), compared to a net loss of $152,000 ($0.04 per
share) in the first half of 2000.  Total revenues in the first half of 2001
increased by 2% to $341,604,000, compared to first half revenues of
$333,421,000 in 2000.  The first half net loss was largely attributable to a
first quarter loss, which in turn resulted largely from lower gross profit
margins on motor fuel sales.
    FFP Marketing owns 424 convenience stores, truck stops, and retail fuel
concessions at Company-operated and independently operated stores in Texas and
10 other central, southern, and southwestern states.  The Company also sells
motor fuel on a wholesale basis, operates a fuel processing plant and
terminal, and sells money orders under the name Financial Express Money
Orders.  Its common stock is listed under the symbol "FMM" on the American
Stock Exchange.
    Some of the matters discussed in this press release contain forward-
looking statements regarding the future business prospects and plans of the
Company which are inherently subject to risks and uncertainties, including
competitive pressures, changes in economic conditions, changes in the
wholesale and retail margins on motor fuel sales, and changes in governmental
regulations.  These issues, along with other factors which may be identified
from time to time in the Company's reports filed with the Securities and
Exchange Commission, could cause actual results or plans to differ materially
from those indicated in the forward-looking statements.

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