How Much Does it Cost to Replace a Fuel or Water Holding Tank?

The primary purpose of a water holding or storage tank is to have immediate access to water when it is needed most. Although homes that are connected to a city water system may opt to have a backup water storage tank for emergencies, it is far more common for those with a well water supply to opt for a storage tank. If the water supply from a well gets too low, the pump is broken or frozen temporarily or if there is a cap on the amount of water that can be used within a certain time frame, then having a storage tank is an easy solution to the problem. Similarly, a fire that needs to be doused in water immediately can be put out even if there are complications with the well or with the pump. In the event of a storm where no clean water is available, potable water from a holding tank can be a true lifesaver.

Purpose of a Fuel Storage Tank

In many ways, a fuel storage tank has the same purpose as a water storage tank. In short, it providers owners with a necessary fluid when it is needed most. In rural areas, a fuel tank may be used for petroleum storage for cars or similar vehicles. Even if there is no gas station within the area, cars can be refueled and continue to their intended destination without a problem. In these rural locations, it may be hard to access fuel at certain times of the year due to extreme cold, which makes long-term storage a necessity. Petroleum is not the only thing that can be stored in fuel holding tanks. Things like chemical solutions, hydraulic oil and anti-freeze can all be placed in large tanks so that they are easily accessed. Having a substantial amount of these liquids on hand can mean that frequent users make fewer trips to purchase the things they need most.

Size Considerations

One of the biggest decisions to make will be what size tank is needed. Ultimately, it depends on the need of the user as well as the price and the available storage space. The most typical size for a fuel holding tank is a 55-gallon drum. Storage significantly more than this is rare, unless for a commercial business or large farm, and it may also require permits or safety checks due to the potential for leakage or accidents. When it comes to water, there is a much bigger variation in size. Potable water tanks, which contain water suitable for human consumption, may contain anywhere from 20 gallons up to 2,000 gallons and more. Agricultural water, or water to use in the case of a fire, can be stored in even larger tanks, but it may not be safe to drink. When determining how much water is necessary, it may be helpful to know that an average bathtub holds 36 gallons and the average faucet uses four gallons per minute.

Choosing Between Above-ground and Below-ground Tanks

Very large tanks, often more than 5,000 gallons, may be stored underground rather than above ground. However, it is important to note that above-ground tanks are easier to fill, more affordable and less regulated. In addition, tanks above ground are primarily made from plastic. Underground storage tanks, also known as USTs, may be a better option when there is limited above ground space. USTs are generally used to store petroleum or another fuel source instead of water, and they are often made from materials like steel, aluminum or a composite material. If a tank is to be stored underground, it is integral that buyers know what kind of regulations are in place in their area. Corrosion of metal tanks or possible leaks can leach dangerous liquids into the soil and even the groundwater, so frequent checks and safety inspections could be mandatory for those who want underground tanks of more than 1,100 gallons, per federal regulation.

Additional Factors Affecting Total Cost

Along with the cost of the tank, there are some factors that can influence the total cost of this purchase. Excavation and professional inspections for underground tanks can double or even triple the price of the project. Large tanks may also require a booster pump to increase the pressure and make the water or fuel accessible in less time, which will also be an added expense. If a tank needs to be protected from the elements and covered in a stay-dry coating or made from a special composite material that prevents the liquids from freezing, the costs can once again be expected to increase.