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Inventory
9 Months Ended
Sep. 30, 2017
Inventory Disclosure [Abstract]  
Inventory
Inventory

Inventories consisted of $7.9 million and $8.9 million of refined petroleum products as of September 30, 2017 and December 31, 2016, respectively. Inventory is stated at the lower of cost or net realizable value, with cost determined on a first-in, first-out basis. We recognize lower of cost or net realizable value charges as a component of cost of goods sold in the consolidated statements of income and comprehensive income, which amounted to $0.3 million during both the three and nine months ended September 30, 2017. There were no lower of cost or net realizable value charges during the three and nine months ended September 30, 2016.