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Inventories (Tables)

6 Months Ended

Jun. 30, 2018

Inventory, Net [Abstract]

Inventory Components

Inventory consists of the following components:



		June 30, 2018				December 31, 2017
		(In thousands)
Crude oil		$	551,484			$	581,417
Other raw materials and unfinished products⁽¹⁾		385,242				396,618
Finished products⁽²⁾		636,679				655,336
Lower of cost or market reserve		(13,069		)		(223,833		)
Process chemicals⁽³⁾		28,649				24,792
Repair and maintenance supplies and other ⁽⁴⁾		227,887				195,762
Total inventory		$	1,816,872			$	1,630,092


(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.