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Inventories (Tables)

3 Months Ended

Mar. 31, 2017

Inventory, Net [Abstract]

Inventory Components

Inventory consists of the following components:



		March 31, 2017				December 31, 2016
		(In thousands)
Crude oil		$	566,459			$	549,886
Other raw materials and unfinished products⁽¹⁾		336,375				287,561
Finished products⁽²⁾		610,096				465,432
Lower of cost or market reserve		(344,341		)		(332,518		)
Process chemicals⁽³⁾		23,238				2,767
Repair and maintenance supplies and other ⁽⁴⁾		125,670				162,548
Total inventory		$	1,317,497			$	1,135,676


(1)	Other raw materials and unfinished products include feedstocks and blendstocks, other than crude.


(2)	Finished products include gasolines, jet fuels, diesels, lubricants, asphalts, LPG’s and residual fuels.


(3)	Process chemicals include additives and other chemicals.


(4)	Includes RINs.