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Inventories (Tables)

12 Months Ended

Dec. 31, 2018

Inventory, Net [Abstract]

Inventory Components

Inventory consists of the following components:



		December 31,
		2018				2017
		(In thousands)
Crude oil		$	503,705			$	581,417
Other raw materials and unfinished products⁽¹⁾		360,124				396,618
Finished products⁽²⁾		662,713				655,336
Lower of cost or market reserve		(360,138		)		(223,833		)
Process chemicals⁽³⁾		31,413				24,792
Repairs and maintenance supplies and other ⁽⁴⁾		156,562				195,762
Total inventory		$	1,354,379			$	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