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Inventories | 12 Months Ended
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Dec. 31, 2024
Inventory Disclosure [Abstract] |
Inventories | Inventories Inventories at December 31, 2024 and 2023, consisted of the following (in thousands):
| Titled Inventory |  | Inventory Intermediation Agreement (1) |  | Supply and Offtake Agreement (1) |  | Total
December 31, 2024 |  |  |  |  |  |  |
Crude oil and feedstocks | $ | 124,910 |  |  | $ | 178,070 |  |  | $ | — |  |  | $ | 302,980 |
Refined products and blendstock | 504,456 |  |  | — |  |  | — |  |  | 504,456 |
Warehouse stock and other (2) | 281,882 |  |  | — |  |  | — |  |  | 281,882 |
Total | $ | 911,248 |  |  | $ | 178,070 |  |  | $ | — |  |  | $ | 1,089,318 |
December 31, 2023 |  |  |  |  |  |  |
Crude oil and feedstocks | $ | 175,307 |  |  | $ | — |  |  | $ | 168,549 |  |  | $ | 343,856 |
Refined products and blendstock | 358,236 |  |  | — |  |  | 133,684 |  |  | 491,920 |
Warehouse stock and other (2) | 324,619 |  |  | — |  |  | — |  |  | 324,619 |
Total | $ | 858,162 |  |  | $ | — |  |  | $ | 302,233 |  |  | $ | 1,160,395 |
_________________________________________________________ (1)Please read Note 12—Inventory Financing Agreements for further information. (2)Includes $195.0 million and $237.6 million of RINs and environmental credits, reported at the lower of cost or NRV, as of December 31, 2024 and 2023, respectively. Our renewable volume obligation and other gross environmental credit obligations of $232.0 million and $286.9 million, are included in Other accrued liabilities on our consolidated balance sheets as of December 31, 2024 and 2023, respectively. Inventories valued on the LIFO method were approximately 22% and 26% of total inventories at December 31, 2024 and 2023, respectively. As of December 31, 2024, and 2023, there was $2.3 million reserved and no reserve recorded for the lower of cost or net realizable value of inventory, respectively. As of December 31, 2024, and 2023, the current replacement cost exceeded the LIFO inventory carrying value by approximately $31.9 million and $36.1 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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