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Derivatives (Tables)
9 Months Ended
Sep. 30, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule Of Outstanding Derivatives Entered Into To Hedge Inventory Or Fixed Price Purchase Commitments
 
 
Sell (Short)
Contracts
 
Buy (Long)
Contracts
Not qualifying or not designated as hedges under accounting rules:
 
 
 
 
Crude oil futures:
 
 
 
 
Contract volumes (1,000 bbls)
 
59

 
25

Weighted average contract price per bbl
 
$
92.69

 
$
92.19

Crude oil LLS/WTI swap:
 
 
 
 
Contract volumes (1,000 bbls)
 
100

 

Weighted average contract price per bbl
 
$
18.63

 
$

Heating oil futures:
 
 
 
 
Contract volumes (1,000 bbls)
 
94

 
66

Weighted average contract price per gal
 
$
3.12

 
$
3.16

#6 Fuel oil futures:
 
 
 
 
Contract volumes (1,000 bbls)
 
640

 
200

Weighted average contract price per bbl
 
$
97.59

 
$
98.05

Crude oil options:
 
 
 
 
Contract volumes (1,000 bbls)
 
360

 
105

Weighted average premium received
 
$
1.69

 
$
0.54

Heating oil options:
 
 
 
 
Contract volumes (1,000 bbls)
 
10

 

Weighted average premium received
 
$
0.08

 
$

Schedule Of Fair Value Of Derivative Assets And Liabilities
 
Unaudited Condensed Consolidated Balance Sheets Location
 
Fair Value
 
 
September 30,
2012
 
December 31,
2011
 
Asset Derivatives:
 
 
 
 
 
  
Commodity derivatives - futures and call options:
 
 
 
 
 
 
Undesignated hedges
Current Assets - Other
 
$
178

 
$
306

  
Total asset derivatives
 
 
$
178

  
$
306

  
Liability Derivatives:
 
 
 
 
 
  
Commodity derivatives - futures and call options:
 
 
 
 
 
 
Undesignated hedges
Current Assets - Other
 
$
(1,440
)
(1) 
$
(2,820
)
(1) 
Total liability derivatives
 
 
$
(1,440
)
 
$
(2,820
)
 
 
(1) These derivative liabilities have been funded with margin deposits recorded in our Unaudited Condensed Consolidated Balance Sheets under Current Assets - Other.
Schedule Of Effect On Operating Results
 
 
 
Amount of Gain (Loss) Recognized in Income
 
Unaudited Condensed Consolidated Statements of Operations Location
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
2012
 
2011
 
2012
 
2011
Commodity derivatives - futures and call options:
 
 
 
 
 
 
 
 
 
Contracts designated as hedges under accounting guidance
Supply and logistics product costs
 
$

 
$

 
$

 
$
(173
)
Contracts not considered hedges under accounting guidance
Supply and logistics product costs
 
(5,817
)
 
2,587

 
(2,959
)
 
(11,050
)
Total commodity derivatives
 
 
$
(5,817
)
 
$
2,587

 
$
(2,959
)
 
$
(11,223
)