5. Inventories

The major components of inventories were as follows:



	June 30, 2015		December 31, 2014
Petroleum products	$	28,043	$	30,108
Crude oil	20,636		7,266
Caustic soda	2,320		2,850
NaHS	3,567		6,603
Other	—		2
Total	$	54,566	$	46,829

Inventories are valued at the lower of cost or market. At June 30, 2015, market values of our inventories exceeded recorded costs. At December 31, 2014 , market value of inventories was below recorded costs by approximately $6.6 million, so we reduced the value of inventory as of that date in our Condensed Consolidated Financial Statements for this difference.