Property, Plant and Equipment, Net

6 Months Ended

Jun. 30, 2011

Property, Plant and Equipment, Net [Abstract]

Property, plant and equipment, net consisted of the following:



	June 30, 2011			December 31, 2010
Refining facilities	$	1,690,097		$	1,628,039
Pipelines and terminals	40,737			40,686
Retail	140,198			137,771
Other	18,089			16,773
Property, plant and equipment, gross	1,889,121			1,823,269
Less accumulated depreciation	(377,019		)	(334,737		)
Property, plant and equipment, net	$	1,512,102		$	1,488,532

The increase in refining facilities at June 30, 2011 is mainly due to the investment in the integration of the hydrocracker unit in Bakersfield, California.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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