Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2019

Financial Instruments, Owned, at Fair Value [Abstract]

Fair Value Measurements Of Asset and Liability Instruments

The carrying amounts of derivative instruments and RINs credit obligations at June 30, 2019 and December 31, 2018 were as follows:



			Fair Value by Input Level
	Carrying Amount		Level 1		Level 2		Level 3
	(In thousands)
June 30, 2019
Assets:
Commodity price swaps	$	20,412	$	—	$	20,412	$	—
Commodity forward contracts	456		—		456		—
Total assets	$	20,868	$	—	$	20,868	$	—

Liabilities:
NYMEX futures contracts	$	2,645	$	2,645	$	—	$	—
Foreign currency forward contracts	1,553		—		1,553		—
RINs credit obligations ⁽¹⁾	3,485		—		3,485		—
Total liabilities	$	7,683	$	2,645	$	5,038	$	—



December 31, 2018
Assets:
NYMEX futures contracts	$	2,473	$	2,473	$	—	$	—
Foreign currency forward contracts	25,956		—		25,956		—
Commodity price swaps	10,817		—		10,817		—
Commodity forward contracts	1,034		—		1,034		$	—
Total assets	$	40,280	$	2,473	$	37,807	$	—

Liabilities:
Commodity price swaps	$	956	$	—	$	956	$	—
Commodity forward contracts	1,137		—		1,137		—
RINs credit obligations ⁽¹⁾	4,084		—		4,084		—
Total liabilities	$	6,177	$	—	$	6,177	$	—

(1)

Represent obligations for RINs credits for which we do not have sufficient quantities at June 30, 2019 and December 31, 2018 to satisfy our Environmental Protection Agency (“EPA”) regulatory blending requirements.