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DERIVATIVES (Tables)
12 Months Ended
Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Instruments
The following tables provide information about the fair values of these derivative instruments as of December 31, 2013 and December 31, 2012 and the line items in the consolidated balance sheet in which the fair values are reflected.
Description

Balance Sheet Location
Fair Value
Asset/(Liability)
Derivatives designated as hedging instruments:
 
 
December 31, 2013:
 
 
Derivatives included with inventory supply arrangement obligations
Accrued expenses
$
(177
)
Derivatives included with the inventory intermediation agreement obligations
Accrued expenses
$
6,016

December 31, 2012:
 
 
Derivatives included with inventory supply arrangement obligations
Accrued expenses
$
5,595

Derivatives included with the inventory intermediation agreement obligations
Accrued expenses
$

 
 
 
Derivatives not designated as hedging instruments:
 
 
December 31, 2013:
 
 
Commodity contracts
Accrued expenses
$
(19,421
)
December 31, 2012:
 
 
Commodity contracts
Accounts receivable
$
1,431

Schedule of Derivative Instruments, Gain (Loss) Recognized in Income
The following tables provide information about the gain or loss recognized in income on these derivative instruments and the line items in the consolidated financial statements in which such gains and losses are reflected.
Description
Location of Gain or (Loss) Recognized in
 Income on Derivatives
Gain or (Loss)
Recognized in
Income on Derivatives
Derivatives designated as hedging instruments:
 
 
For the year ended December 31, 2013:
 
 
Derivatives included with inventory supply arrangement obligations
Cost of sales
$
(5,773
)
Derivatives included with the inventory intermediation agreement obligations
Cost of sales
$
6,016

For the year ended December 31, 2012:
 
 
Derivatives included with inventory supply arrangement obligations
Cost of sales
$
7,060

For the year ended December 31, 2011
 
 
Derivatives included with inventory supply arrangement obligations
Cost of sales
$
(6,076
)
 
 
 
Derivatives not designated as hedging instruments:
 
 
For the year ended December 31, 2013:
 
 
Derivatives included with inventory supply arrangement obligations
Cost of sales
$

Commodity contracts
Cost of sales
$
(88,962
)
For the year ended December 31, 2012:
 
 
Derivatives included with inventory supply arrangement obligations
Cost of sales
$
(8
)
Commodity contracts
Cost of sales
$
34,778

For the year ended December 31, 2011
 
 
Derivatives included with inventory supply arrangement obligations
Cost of sales
$
2,829

Commodity contracts
Cost of sales
$
5,604

 
 
 
Hedged items designated in fair value hedges:
 
 
For the year ended December 31, 2013:
 
 
Crude oil and feedstock inventory
Cost of sales
$
(1,491
)
Intermediate and refined product inventory
Cost of sales
$
(6,016
)
For the year ended December 31, 2012:
 
 
Crude oil and feedstock inventory
Cost of sales
$
(4,704
)
For the year ended December 31, 2011
 
 
Crude oil and feedstock inventory
Cost of sales
$
6,558