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Inventories

3 Months Ended

Mar. 31, 2018

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories at March 31, 2018 consisted of the following (in thousands):

	Titled Inventory				Supply and Offtake Agreements (1)				Total
Crude oil and feedstocks	$	14,538			$	62,977			$	77,515
Refined products and blendstock	57,926				116,383				174,309
Warehouse stock and other (2)	44,443				—				44,443
Total	$	116,907			$	179,360			$	296,267

Inventories at December 31, 2017 consisted of the following (in thousands):

	Titled Inventory				Supply and Offtake Agreements (1)				Total
Crude oil and feedstocks	$	93,970			$	56,014			$	149,984
Refined products and blendstock	63,505				108,917				172,422
Warehouse stock and other	22,951				—				22,951
Total	$	180,426			$	164,931			$	345,357

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(1) Please read Note 8—Inventory Financing Agreements for further information.

(2) Includes $18.3 million of RINs.

As of March 31, 2018 and December 31, 2017, there was no reserve for the lower of cost or net realizable value of inventory.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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