Derivatives (Tables)

9 Months Ended

Sep. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule Of Outstanding Derivatives Entered Into To Hedge Inventory Or Fixed Price Purchase Commitments

At September 30, 2014, we had the following outstanding derivative commodity contracts that were entered into to economically hedge inventory or fixed price purchase commitments. We had no outstanding derivative contracts that were designated as hedges under accounting rules.

	Sell (Short) Contracts		Buy (Long) Contracts
Not qualifying or not designated as hedges under accounting rules:
Crude oil futures:
Contract volumes (1,000 bbls)	601		406
Weighted average contract price per bbl	$	95.06	$	93.67
Diesel futures:
Contract volumes (1,000 bbls)	100		—
Weighted average contract price per gal	$	2.78	$	—
#6 Fuel oil futures:
Contract volumes (1,000 bbls)	435		50
Weighted average contract price per bbl	$	84.22	$	83.85
Crude oil options:
Contract volumes (1,000 bbls)	90		—
Weighted average premium received	$	1.19	$	—
Diesel options:
Contract volumes (1,000 bbls)	20		—
Weighted average premium received	$	2.08	$	—

Schedule Of Fair Value Of Derivative Assets And Liabilities

The following tables reflect the estimated fair value gain (loss) position of our derivatives at September 30, 2014 and December 31, 2013:

Fair Value of Derivative Assets and Liabilities

	Unaudited Condensed Consolidated Balance Sheets Location	Fair Value
		September 30, 2014			December 31, 2013
Asset Derivatives:
Commodity derivatives - futures and call options (undesignated hedges):
Gross amount of recognized assets	Current Assets - Other	$	2,922		$	615
Gross amount offset in the Unaudited Condensed Consolidated Balance Sheets	Current Assets - Other	(1,155		)	(615		)
Net amount of assets presented in the Unaudited Condensed Consolidated Balance Sheets		$	1,767		$	—
Liability Derivatives:
Commodity derivatives - futures and call options (undesignated hedges):
Gross amount of recognized liabilities	Current Assets - Other (1)	$	(1,155	)	$	(4,527	)
Gross amount offset in the Unaudited Condensed Consolidated Balance Sheets	Current Assets - Other (1)	1,155			4,527
Net amount of liabilities presented in the Unaudited Condensed Consolidated Balance Sheets		$	—		$	—

(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

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,
		2014			2013			2014			2013
Commodity derivatives - futures and call options:
Contracts not considered hedges under accounting guidance	Supply and logistics product costs	$	(8,738	)	$	(4,522	)	$	(5,242	)	$	(2,877	)
Total commodity derivatives		$	(8,738	)	$	(4,522	)	$	(5,242	)	$	(2,877	)