Inventories (Tables)

9 Months Ended

Sep. 30, 2020

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories at September 30, 2020 consisted of the following (in thousands):

	Titled Inventory		Supply and Offtake Agreements (1)		Total
Crude oil and feedstocks	$	132,659	$	131,957	$	264,616
Refined products and blendstock	85,624		76,286		161,910
Warehouse stock and other (2)	67,043		—		67,043
Total	$	285,326	$	208,243	$	493,569

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

	Titled Inventory		Supply and Offtake Agreements (1)		Total
Crude oil and feedstocks	$	117,717	$	148,303	$	266,020
Refined products and blendstock	127,966		158,737		286,703
Warehouse stock and other (2)	63,149		—		63,149
Total	$	308,832	$	307,040	$	615,872

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(1) Please read Note 9—Inventory Financing Agreements for further information.

(2)

Includes $20.8 million and $19.1 million of RINs and environmental credits, reported at cost, as of September 30, 2020 and December 31, 2019, respectively. RINs and environmental obligations of $87.1 million and $22.8 million, reported at market value, are included in Other accrued liabilities on our condensed consolidated balance sheets as of September 30, 2020 and December 31, 2019, respectively.