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Inventories (Tables)
12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
Schedule of Inventory, Current
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 blendstock504,456 — — 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 blendstock358,236 — 133,684 491,920 
Warehouse stock and other (2)324,619 — — 324,619 
Total$858,162 $— $302,233 $1,160,395 
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(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.