v3.26.1
Inventories
6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories consisted of the following:
(Millions of dollars)June 30,
2026
December 31,
2025
Petroleum products - FIFO basis$480.1 $305.8 
Store merchandise for resale - FIFO basis258.0 254.7 
Less LIFO reserve(337.0)(162.6)
Total petroleum products and store merchandise inventory401.1 397.9 
Materials and supplies16.3 15.1 
Total inventories$417.4 $413.0 
 
At June 30, 2026 and December 31, 2025, the replacement cost (market value) of LIFO inventories exceeded the LIFO carrying value for petroleum products by $337.0 million and $162.6 million, respectively.