4. INVENTORIES

6 Months Ended

Jun. 30, 2015

Inventory Disclosure [Abstract]

4. 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):

	June 30, 2015		December 31, 2014
Finished goods	$	12,508	$	11,118
Raw materials		1,854		2,695
Work in progress		3,087		3,274
Other		1,422		1,463
Total	$	18,871	$	18,550