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Derivative Instruments (Notes)
 3 Months Ended
Mar. 31, 2013
Derivative Instruments and Hedges, Assets [Abstract]  
Derivative Instruments
Derivative Instruments
From time to time, we enter into forward fuel contracts to limit the exposure to price fluctuations for physical purchases of finished products in the normal course of business. We use derivatives to reduce normal operating and market risks with a primary objective in derivative instrument use being the reduction of the impact of market price volatility on our results of operations.
We enter into forward fuel contracts with major financial institutions in which we fix the purchase price of finished grade fuel for a predetermined number of units with fulfillment terms of less than 90 days. During the three months ended March 31, 2013 and March 31, 2012, we did not elect hedge treatment for these derivative positions. As a result, all changes in fair value are marked to market in the accompanying condensed consolidated statements of income. We did not recognize gains on forward fuel contracts during the three months ended March 31, 2013. We recognized losses of $0.1 million on forward fuel contracts during the three months ended March 31, 2012, which are included as an adjustment to cost of goods sold in the accompanying condensed consolidated statements of income. We held no unrealized gains or losses related to forward fuel contracts on the condensed consolidated balance sheets at March 31, 2013. As of December 31, 2012, unrealized gains or losses held on the condensed consolidated balance sheets were nominal.
From time to time, we may also enter into interest rate hedging agreements to limit variable interest rate exposure under the Delek Logistics Revolving Credit Facility. The Delek Logistics Revolving Credit Facility requires us to maintain interest rate hedging arrangements on at least 50% of the amount funded at closing of the credit facility, which was required to be in place for at least a three-year period beginning no later than March 7, 2013. Effective February 25, 2013, we entered into interest rate hedges in the form of a LIBOR interest rate cap for a term of three years for a total notional amount of $45.0 million, thereby meeting the requirements under the Delek Logistics Revolving Credit Facility. The estimated mark-to-market asset associated with our interest rate derivatives, as of March 31, 2013, was $0.2 million.