Inventories

Inventories at March 31, 2019 consisted of the following (in thousands):



	Titled Inventory		Supply and Offtake Agreements (1)		Total
Crude oil and feedstocks	$	83,849	$	114,057	$	197,906
Refined products and blendstock	113,471		140,683		254,154
Warehouse stock and other (2)	47,459		—		47,459
Total	$	244,779	$	254,740	$	499,519

Inventories at December 31, 2018 consisted of the following (in thousands):



	Titled Inventory		Supply and Offtake Agreements(1)		Total
Crude oil and feedstocks	$	7,000	$	117,877	$	124,877
Refined products and blendstock	62,401		100,175		162,576
Warehouse stock and other (2)	34,612		—		34,612
Total	$	104,013	$	218,052	$	322,065

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(1)	Please read Note 8—Inventory Financing Agreements for further information.


(2)	Includes $3.8 million and $5.0 million of RINs and environmental credits as of March 31, 2019 and December 31, 2018, respectively.

As of March 31, 2019, there was no reserve for the lower of cost or net realizable value of inventory. As of December 31, 2018, there was a $3.8 million reserve for the lower of cost or net realizable value of inventory. Our LIFO inventory reserve was $8.1 million as of March 31, 2019.