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Inventories (Tables)

3 Months Ended

Mar. 31, 2021

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories at March 31, 2021 consisted of the following (in thousands):

			Titled Inventory						Supply and Offtake Agreements (1)						Total
Crude oil and feedstocks			$	128,343					$	119,747					$	248,090
Refined products and blendstock			131,385						119,817						251,202
Warehouse stock and other (2)			79,914						—						79,914
Total			$	339,642					$	239,564					$	579,206

    Inventories at December 31, 2020 consisted of the following (in thousands):

			Titled Inventory						Supply and Offtake Agreements (1)						Total
Crude oil and feedstocks			$	88,307					$	75,340					$	163,647
Refined products and blendstock			112,146						83,601						195,747
Warehouse stock and other (2)			70,461						—						70,461
Total			$	270,914					$	158,941					$	429,855

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(1)Please read Note 7—Inventory Financing Agreements for further information.

(2)Includes $36.3 million and $26.7 million of RINs and environmental credits, reported at cost, as of March 31, 2021 and December 31, 2020, respectively. RINs and environmental obligations of $260.0 million and $150.5 million, reported at market value, are included in Other accrued liabilities on our condensed consolidated balance sheets as of March 31, 2021 and December 31, 2020, respectively.

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Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

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