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Inventories (Tables)

12 Months Ended

Dec. 31, 2015

Inventory, Net [Abstract]

Inventory Components

Inventory consists of the following components:



		December 31,
		2015				2014
		(In thousands)
Crude oil		$	518,922			$	581,592
Other raw materials and unfinished products⁽¹⁾		214,832				204,467
Finished products⁽²⁾		603,568				531,523
Lower of cost or market reserve		(624,457		)		(397,478		)
Process chemicals⁽³⁾		4,477				4,028
Repairs and maintenance supplies and other		124,527				110,999
Total inventory		$	841,869			$	1,035,131


(1)	Other raw materials and unfinished products include feedstocks and blendstocks, other than crude.


(2)	Finished products include gasolines, jet fuels, diesels, lubricants, asphalts, LPG’s and residual fuels.


(3)	Process chemicals include additives and other chemicals.