v3.10.0.1

Inventory

12 Months Ended

Dec. 31, 2018

Inventory Disclosure [Abstract]

Inventory

Inventory

Inventory is comprised primarily of refined products, liquefied petroleum gases, transmix, crude oil and additives, which are stated and relieved at the lower of average cost or net realizable value.

Inventory at December 31, 2017 and 2018 was as follows (in thousands):

		December 31,
		2017				2018
Refined products		$	73,845			$	92,751
Liquefied petroleum gases		45,553				46,612
Transmix		33,319				28,497
Crude oil		23,763				11,220
Additives		5,865				6,655
Total inventory		$	182,345			$	185,735

During 2018, we recorded lower of average cost or net realizable value adjustments of $18.5 million related to our refined products, transmix and crude oil inventories.

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- References

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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