XML 16 R33.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Derivatives (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2012
Derivatives [Abstract] |
Schedule Of Outstanding Derivatives Entered Into To Hedge Inventory Or Fixed Price Purchase Commitments |
|  | Sell (Short) Contracts |  |  | Buy (Long) Contracts |
Not qualifying or not designated as hedges under accounting rules: |  |  |  |  |  |  |  |
Crude oil futures: |  |  |  |  |  |  |  |
Contract volumes (1,000 bbls) |  |  | 98 |  |  |  | 44 |
Weighted average contract price per bbl |  | $ | 117.61 |  |  | $ | 114.33 |
Heating oil futures: |  |  |  |  |  |  |  |
Contract volumes (1,000 bbls) |  |  | 113 |  |  |  |  |
Weighted average contract price per gal |  | $ | 3.19 |  |  |  |  |
RBOB gasoline futures: |  |  |  |  |  |  |  |
Contract volumes (1,000 bbls) |  |  | 81 |  |  |  | 4 |
Weighted average contract price per gal |  | $ | 3.33 |  |  | $ | 3.39 |
#6 Fuel oil futures: |  |  |  |  |  |  |  |
Contract volumes (1,000 bbls) |  |  | 275 |  |  |  |  |
Weighted average contract price per bbl |  | $ | 108.38 |  |  |  |  |
Crude oil options: |  |  |  |  |  |  |  |
Contract volumes (1,000 bbls) |  |  | 350 |  |  |  | 100 |
Weighted average premium received |  | $ | 1.63 |  |  | $ | 0.28 |
Heating oil options: |  |  |  |  |  |  |  |
Contract volumes (1,000 bbls) |  |  | 40 |  |  |  |  |
Weighted average premium received |  | $ | 0.08 |  |  |  |  |
RBOB gasoline options: |  |  |  |  |  |  |  |
Contract volumes (1,000 bbls) |  |  | 10 |  |  |  |  |
Weighted average premium received |  | $ | 0.08 |  |  |  |  |
Schedule Of Fair Value Of Derivative Assets And Liabilities |
|  | Unaudited Condensed Consolidated Balance Sheets Location |  | Fair Value |
|  |  | March 31, 2012 |  |  | December 31, 2011 |
|  | Asset Derivatives |
Commodity derivatives - futures and call options: |  |  |  |  |  |  |  |  |  |
Undesignated hedges |  | Other Current Assets |  | $ | 425 |  |  | $ | 306 |
Total asset derivatives |  |  |  | $ | 425 |  |  | $ | 306 |
|  | Liability Derivatives |
Commodity derivatives - futures and call options: |  |  |  |  |  |  |  |  |  |
Undesignated hedges |  | Other Current Assets |  | $ | (947 | )(1) |  | $ | (2,820 | )(1)
Total liability derivatives |  |  |  | $ | (947 | ) |  | $ | (2,820 | )
(1) | These derivative liabilities have been funded with margin deposits recorded in our Unaudited Condensed Consolidated Balance Sheets in Other Current Assets.
Schedule Of Effect On Operating Results |
|  | Unaudited Condensed Consolidated Statements of Operations |  | Three Months Ended March 31, |
|  | Location |  | 2012 |  |  | 2011 |
Commodity derivatives - futures and call options: |  |  |  |  |  |  |  |  |  |
Contracts designated as hedges under accounting guidance |  | Supply & Logistics Product Costs |  | $ | — |  |  | $ | (261 | )
Contracts not considered hedges under accounting guidance |  | Supply & Logistics Product Costs |  |  | (10,711 | ) |  |  | (18,253 | )
Total commodity derivatives |  |  |  | $ | (10,711 | ) |  | $ | (18,514 | )

X
- Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 205G -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624171-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5618551-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44C -Subparagraph b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624163-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 205G -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44C -Subparagraph a -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5580258-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624163-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41620-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624171-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41641-113959 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5579245-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5579240-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41678-113959 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41638-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration