Quarterly report pursuant to sections 13 or 15(d)

INVENTORIES (Details)

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INVENTORIES (Details) (USD $)
Mar. 31, 2013
Dec. 31, 2012
INVENTORIES [Abstract]    
Raw material $ 3,850,000 $ 3,591,000
Petrochemical products 8,448,000 6,249,000
Total inventory 12,298,000 [1] 9,840,000
Excess of current cost over LIFO value 2,600,000 2,200,000
Collateral Inventory 6,600,000 5,100,000
Products in transit $ 3,200,000 $ 2,900,000
[1] Restated - See Notes 2 and 3