Prepaid and Other Current Assets (Tables)

9 Months Ended

Sep. 30, 2022

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid and Other Current Assets

Prepaid and other current assets at September 30, 2022 and December 31, 2021 consisted of the following (in thousands):

	September 30, 2022		December 31, 2021
Advances to suppliers for crude purchases	$	71,227	$	—
Collateral posted with broker for derivative instruments (1)	23,302		6,053
Prepaid insurance	—		14,110
Derivative assets	17,064		1,260
Deferred inventory financing charges	—		4,073
Other	11,536		3,029
Total	$	123,129	$	28,525

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(1)Our cash margin that is required as collateral deposits on our commodity derivatives cannot be offset against the fair value of open contracts except in the event of default. Please read Note 10—Derivatives for further information.