Inventories

12 Months Ended

Dec. 31, 2025

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consisted of the following:

	December 31,
(Millions of dollars)	2025		2024
Petroleum products - FIFO basis	$	305.8	$	353.3
Store merchandise for resale - FIFO basis	254.7		226.5
Less LIFO reserve	(162.6)		(189.1)
Total petroleum products and store merchandise inventory	397.9		390.7
Materials and supplies	15.1		10.9
Total inventories	$	413.0	$	401.6

At December 31, 2025 and 2024, the replacement cost (market value) of LIFO inventories exceeded the LIFO carrying value for petroleum products by $162.6 million and $189.1 million, respectively.