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Inventories (Tables)

12 Months Ended

Dec. 31, 2017

Inventory, Net [Abstract]

Inventory Components

Inventory consists of the following components:



		December 31,
		2017				2016
		(In thousands)
Crude oil		$	581,417			$	549,886
Other raw materials and unfinished products⁽¹⁾		396,618				287,561
Finished products⁽²⁾		655,336				465,432
Lower of cost or market reserve		(223,833		)		(332,518		)
Process chemicals⁽³⁾		24,792				2,767
Repairs and maintenance supplies and other ⁽⁴⁾		195,762				162,548
Total inventory		$	1,630,092			$	1,135,676


(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.


(4)	Includes RINs