Inventories

The major components of inventories were as follows:



	March 31, 2017		December 31, 2016
Petroleum products	$	2,621	$	11,550
Crude oil	75,488		73,133
Caustic soda	5,358		4,593
NaHS	9,109		9,304
Other	2		7
Total	$	92,578	$	98,587

Inventories are valued at the lower of cost or market. The market value of inventories were below recorded costs by approximately $0.2 million as of March 31, 2017 without similar adjustments required as of December 31, 2016; therefore we reduced the value of inventory in our Condensed Consolidated Financial Statements for this difference in 2017.