INVENTORIES (Tables)

3 Months Ended

Mar. 31, 2017

Inventory Disclosure [Abstract]

Schedule of Inventory

Inventories consisted of the following:

March 31, 2017
	Titled Inventory			Inventory Intermediation Arrangements			Total
Crude oil and feedstocks	$	1,333,336		$	—		$	1,333,336
Refined products and blendstocks	920,573			351,917			1,272,490
Warehouse stock and other	92,159			—			92,159
	$	2,346,068		$	351,917		$	2,697,985
Lower of cost or market adjustment	(513,090		)	(98,937		)	(612,027		)
Total inventories	$	1,832,978		$	252,980		$	2,085,958

December 31, 2016
	Titled Inventory			Inventory Intermediation Arrangements			Total
Crude oil and feedstocks	$	1,102,007		$	—		$	1,102,007
Refined products and blendstocks	915,397			352,464			1,267,861
Warehouse stock and other	89,680			—			89,680
	$	2,107,084		$	352,464		$	2,459,548
Lower of cost or market adjustment	(492,415		)	(103,573		)	(595,988		)
Total inventories	$	1,614,669		$	248,891		$	1,863,560