Inventories

Inventories at June 30, 2019 consisted of the following (in thousands):



	Titled Inventory		Supply and Offtake Agreements (1)		Total
Crude oil and feedstocks	$	71,058	$	173,232	$	244,290
Refined products and blendstock	121,955		158,707		280,662
Warehouse stock and other (2)	48,927		—		48,927
Total	$	241,940	$	331,939	$	573,879

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 $4.8 million and $5.0 million of RINs and environmental credits as of June 30, 2019 and December 31, 2018, respectively.

As of June 30, 2019 and December 31, 2018, there was a $13.4 million and $3.8 million reserve for the lower of cost or net realizable value of inventory, respectively. Our LIFO inventory reserve was $10.6 million as of June 30, 2019.