XML 45 R12.htm IDEA: XBRL DOCUMENT v3.20.1
Inventory
3 Months Ended
Mar. 31, 2020
Inventory Disclosure [Abstract]  
Inventory InventoryInventories consisted of $5.1 million and $12.6 million of refined petroleum products as of March 31, 2020 and December 31, 2019, respectively. Inventory is stated at the lower of cost or net realizable value, with cost determined on a first-in, first-out basis. We recognize lower of cost or net realizable value charges as a component of cost of materials and other in the consolidated statements of income and comprehensive income, which amounted to $2.9 million and a nominal amount during the three months ended March 31, 2020 and 2019, respectively.