3. INVENTORIES

3 Months Ended

Mar. 31, 2014

Inventory Disclosure [Abstract]

3. INVENTORIES

Inventories consisted primarily of bulk ethanol and unleaded fuel, and are valued at the lower-of-cost-or-market, with cost determined on a first-in, first-out basis. Inventory balances consisted of the following (in thousands):

	March 31, 2014		December 31, 2013
Finished goods	$	16,920	$	10,287
Raw materials		7,280		9,418
Work in progress		3,152		2,766
Other		945		915
Total	$	28,297	$	23,386