Inventories (Tables)

9 Months Ended

Sep. 30, 2021

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories at September 30, 2021 and December 31, 2020 consisted of the following (in thousands):

	Titled Inventory		Supply and Offtake Agreement (1)		Total
September 30, 2021
Crude oil and feedstocks	$	64,322	$	185,473	$	249,795
Refined products and blendstock	156,276		101,287		257,563
Warehouse stock and other (2)	127,961		—		127,961
Total	$	348,559	$	286,760	$	635,319
December 31, 2020
Crude oil and feedstocks	$	88,307	$	75,340	$	163,647
Refined products and blendstock	112,146		83,601		195,747
Warehouse stock and other (2)	70,461		—		70,461
Total	$	270,914	$	158,941	$	429,855

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(1)Please read Note 7—Inventory Financing Agreements for further information.

(2)Includes $82.7 million and $26.7 million of RINs and environmental credits, reported at cost, as of September 30, 2021 and December 31, 2020, respectively. RINs and environmental obligations of $297.5 million and $150.5 million, reported at market value, are included in Other accrued liabilities on our condensed consolidated balance sheets as of September 30, 2021 and December 31, 2020, respectively.