Inventories

The major components of inventories were as follows:



	March 31, 2016		December 31, 2015
Petroleum products	$	6,300	$	14,235
Crude oil	50,431		22,815
Caustic soda	2,906		3,964
NaHS	3,953		2,755
Other	—		6
Total	$	63,590	$	43,775

Inventories are valued at the lower of cost or market. The market value of inventories were not below recorded cost as of March 31, 2016 and were below recorded costs by approximately $0.9 million as of December 31, 2015; therefore we reduced the value of inventory in our Condensed Consolidated Financial Statements for this difference in 2015.