|6 Months Ended|
Jun. 30, 2017
|Inventory Disclosure [Abstract]|
Carrying value of inventories consisted of the following:
At June 30, 2017 and December 31, 2016, the market value of our refined products and blendstock inventories was less than inventories valued on a LIFO cost basis which resulted in a lower of cost or market reserve of $7,477 and $6,213, respectively. At June 30, 2017 and December 31, 2016, the market value of our crude oil inventories exceeded LIFO costs, net of the fair value hedged item, by $2,930 and $5,236, respectively.
The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.
Reference 1: http://www.xbrl.org/2003/role/presentationRef