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Inventories | 6 Months Ended
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Jun. 30, 2023
Inventory Disclosure [Abstract] |
Inventories | Inventories Inventories at June 30, 2023 and December 31, 2022 consisted of the following (in thousands):
| Titled Inventory |  | Supply and Offtake Agreement (1) |  | Total
June 30, 2023 |  |  |  |  |
Crude oil and feedstocks | $ | 152,175 |  |  | $ | 216,782 |  |  | $ | 368,957 |
Refined products and blendstock | 337,097 |  |  | 158,509 |  |  | 495,606 |
Warehouse stock and other (2) | 376,931 |  |  | — |  |  | 376,931 |
Total | $ | 866,203 |  |  | $ | 375,291 |  |  | $ | 1,241,494 |
December 31, 2022 |  |  |  |  |
Crude oil and feedstocks | $ | 112,082 |  |  | $ | 265,536 |  |  | $ | 377,618 |
Refined products and blendstock | 188,040 |  |  | 168,624 |  |  | 356,664 |
Warehouse stock and other (2) | 307,701 |  |  | — |  |  | 307,701 |
Total | $ | 607,823 |  |  | $ | 434,160 |  |  | $ | 1,041,983 |
________________________________________________________ (1)Please read Note 9—Inventory Financing Agreements for further information. (2)Includes $293.3 million and $258.2 million of RINs and environmental credits, reported at the lower of cost or net realizable value, as of June 30, 2023 and December 31, 2022, respectively. RINs and environmental credit obligations of $433.0 million and $549.8 million, reported at market value, are included in Other accrued liabilities on our condensed consolidated balance sheets as of June 30, 2023 and December 31, 2022, respectively. If we marked our RINs and environmental credits to fair market value, our net environmental credit obligations would have been $100.9 million and $152.6 million as of June 30, 2023 and December 31, 2022, respectively. As of June 30, 2023 and December 31, 2022, there was no reserve for the lower of cost or net realizable value of inventory. As of June 30, 2023 and December 31, 2022, the excess of current replacement cost over the last-in, first-out (“LIFO”) inventory carrying value at the Washington refinery was approximately $41.1 million and $46.4 million, respectively.

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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/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//330/tableOfContent + Details
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