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Inventories (Tables)

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories at June 30, 2022 and December 31, 2021 consisted of the following (in thousands):

			Titled Inventory						Supply and Offtake Agreement (1)						Total
June 30, 2022
Crude oil and feedstocks			$	237,399					$	236,813					$	474,212
Refined products and blendstock			206,927						269,549						476,476
Warehouse stock and other (2)			209,478						—						209,478
Total			$	653,804					$	506,362					$	1,160,166
December 31, 2021
Crude oil and feedstocks			$	102,085					$	199,282					$	301,367
Refined products and blendstock			179,737						142,872						322,609
Warehouse stock and other (2)			166,341						—						166,341
Total			$	448,163					$	342,154					$	790,317

________________________________________________________

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

(2)Includes $160.4 million and $120.1 million of RINs and environmental credits, reported at the lower of cost or net realizable value, as of June 30, 2022 and December 31, 2021, respectively. RINs and environmental credit obligations of $460.9 million and $311.0 million, reported at market value, are included in Other accrued liabilities on our condensed consolidated balance sheets as of June 30, 2022 and December 31, 2021, 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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