Inventories (Tables)

9 Months Ended

Sep. 30, 2022

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories at September 30, 2022 and December 31, 2021 consisted of the following (in thousands):

	Titled Inventory		Supply and Offtake Agreement (1)		Total
September 30, 2022
Crude oil and feedstocks	$	98,449	$	224,419	$	322,868
Refined products and blendstock	170,197		176,714		346,911
Warehouse stock and other (2)	244,843		—		244,843
Total	$	513,489	$	401,133	$	914,622
December 31, 2021
Crude oil and feedstocks	$	102,085	$	199,282	$	301,367
Refined products and blendstock	179,737		142,872		322,609
Warehouse stock and other (2)	166,341		—		166,341
Total	$	448,163	$	342,154	$	790,317

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

(2)Includes $194.0 million and $120.1 million of RINs and environmental credits, reported at the lower of cost or net realizable value, as of September 30, 2022 and December 31, 2021, respectively. RINs and environmental credit obligations of $489.6 million and $311.0 million, reported at market value, are included in Other accrued liabilities on our condensed consolidated balance sheets as of September 30, 2022 and December 31, 2021, respectively.