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Inventories (Tables)

6 Months Ended

Jun. 30, 2021

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories at June 30, 2021 and December 31, 2020 consisted of the following (in thousands):

			Titled Inventory						Supply and Offtake Agreements (1)						Total
June 30, 2021
Crude oil and feedstocks			$	73,378					$	201,847					$	275,225
Refined products and blendstock			122,872						120,557						243,429
Warehouse stock and other (2)			105,499						—						105,499
Total			$	301,749					$	322,404					$	624,153
December 31, 2020
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 $60.6 million and $26.7 million of RINs and environmental credits, reported at cost, as of June 30, 2021 and December 31, 2020, respectively. RINs and environmental obligations of $354.5 million and $150.5 million, reported at market value, are included in Other accrued liabilities on our condensed consolidated balance sheets as of June 30, 2021 and December 31, 2020, respectively.

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- Definition

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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