The Cost Of Replacing Fiberglass Fuel Storage Tanks

The cost of replacing a fuel tank varies depending on the type, size, and location of the tank. On average, it costs around $2,400 to replace an oil tank, but prices can range from $400 to $6,500. Underground tanks are typically the most expensive option, with above-ground tanks being more cost-efficient. The size of the tank is another factor that influences the price, with larger tanks generally costing more. The material of the tank also affects the cost, with steel tanks being the most affordable, followed by fiberglass and polyethylene tanks. In addition to the cost of the tank itself, there are also installation costs, which can vary depending on the size and configuration of the tank. Overall, the cost of replacing a fuel tank can be a significant expense, but it is important to consider the long-term benefits and potential cost savings of different options.

Underground vs. aboveground storage tanks

The choice between an aboveground storage tank (AST) and an underground storage tank (UST) depends on various factors, including site-specific needs, regulatory requirements, budget considerations, and long-term operational objectives. Here is a detailed comparison of the two:

Installation and Cost:

Aboveground storage tanks are generally easier and quicker to install since they require minimal ground preparation. They can be placed on a concrete pad or stable surface, and no excavation is needed. ASTs are also more cost-effective, with lower initial costs due to simpler procedures.

On the other hand, underground storage tanks are more complex and expensive to install. The process involves excavation, soil remediation, and specialized equipment, making it time-consuming and labour-intensive. USTs are also more expensive due to the need for trained professionals to ensure proper installation.

Maintenance and Durability:

Aboveground storage tanks are more accessible for maintenance and repairs. Leak detection and repairs in USTs can be challenging and may require sophisticated methods like groundwater monitoring and soil sampling. The longevity of ASTs can be increased through regular maintenance, and they are less susceptible to corrosion and leaks.

Space and Aesthetics:

Underground storage tanks are buried, freeing up space above ground for other purposes. USTs are ideal for locations with limited space or where above-ground structures are undesirable, such as densely populated urban areas.

ASTs, on the other hand, occupy more surface space. However, they can be surrounded by plantings or fencing to improve aesthetics, although this adds to the cost and maintenance.

Safety and Environmental Impact:

Underground storage tanks are naturally insulated and protected from extreme temperatures, weather events, and potential vandalism. This enhances the safety and reliability of the storage system. USTs are also less likely to be damaged by vehicle impacts or severe weather events.

Aboveground storage tanks are more susceptible to environmental damage and corrosion from weather events. They also pose safety hazards, with a higher risk of spills, leaks, and fires. However, leaks from ASTs are more visible and can be detected and contained quickly, reducing the environmental impact.

Compliance and Regulations:

Both types of tanks have specific regulatory requirements that must be met. USTs are regulated by the Environmental Protection Agency (EPA) and require monthly inspections and yearly testing. ASTs also need monthly inspections and yearly monitoring by a certified inspector.

In summary, aboveground storage tanks offer advantages in terms of installation ease, lower costs, and simpler maintenance. Underground storage tanks provide benefits such as space-saving, enhanced safety features, and aesthetic advantages. The choice between the two ultimately depends on the specific needs, budget, and long-term goals of the user.

Cost factors

The cost of replacing a fuel tank varies depending on several factors, including the type of tank, its size, location, and installation.

Type of Tank

The material of the tank plays a significant role in determining the overall cost. Steel tanks are generally the most affordable option, with prices ranging from $500 for a small 250-gallon tank to $50,000 or more for a large 50,000-gallon tank. Fiberglass and polyethylene tanks are more expensive, starting at around $2,000 for a 250-gallon tank and going up to $100,000 or more for a 50,000-gallon tank.

Size of the Tank

The larger the tank, the higher the cost. A 25-gallon tank may cost around $50, while a 15,000-gallon tank can cost upwards of $35,000. The size of the tank will also impact the installation costs, as larger tanks may require reinforced concrete foundations and additional site preparation.

Location

The location of the tank, whether it is above or below ground, is another crucial factor affecting the cost. Underground tanks are generally more expensive than above-ground tanks due to the need for excavation and the higher cost of materials. Underground tanks may also require additional permits and inspections, further increasing the overall cost.

Installation

The installation process can vary in complexity and cost depending on the location and type of tank. For example, underground tanks may require the creation of an access hole, while above-ground tanks may need a concrete base. The cost of labour for installation can range from $2,600 to $18,000, depending on the complexity of the project.

Additional Costs

There are several other costs to consider when replacing a fuel tank, including the removal and disposal of the old tank, which can cost between $400 and $3,000. Permits and inspections may also be required, with building permits costing an average of $1,330 in the US. Additionally, the cost of pumping reusable oil, waste disposal, and fuel filters can add to the overall expense.

Installation costs

The installation costs of fiberglass fuel storage tanks vary depending on the size, location, and type of tank being installed.

For context, a fuel or water tank costs, on average, $2,327 to replace, with a typical range between $1,594 and $3,077. The cost of replacing a fuel or water tank can start at around $50 for a 25-gallon tank but could go as high as $35,000 for a 15,000-gallon tank.

Underground storage tanks are more expensive than aboveground tanks, with prices starting at $3,000 and going upwards of $30,000. Underground tanks are considered a good option for homeowners in areas with extreme weather since the temperature just below the ground remains consistent. However, underground tanks require excavation, which can cost around $150 per hour.

Aboveground fuel and water tanks can range from $2,000 to $30,000, depending on the size and material. Aboveground tanks are more common and cost-efficient to install, and they are often used for water, heating oil, or rainwater storage.

Fiberglass and polyethylene tanks are more expensive than steel tanks, with prices starting around $2,000 for a 250-gallon tank and going up to $100,000 or more for a 50,000-gallon tank. The installation cost for a small 250-500-gallon tank is typically $1,000 to $3,000, while larger tanks over 10,000 gallons may require reinforced concrete foundations and additional site preparation, increasing installation costs to $10,000 to $50,000 or more.

The type of oil tank also affects the replacement cost. Underground oil tanks are the most expensive option, requiring an additional $1,000 to $2,000 for creating an access hole. Aboveground oil tanks are a mid-range option, costing between $1,200 and $2,500, but they may require extras like a concrete base. Indoor tanks are the least expensive, starting at $550, as they don't need an access hole or concrete slab.

Labor costs for oil tank replacement typically range from $500 to $1,200, with basement installations being on the lower end since they require less work. Additionally, the size of the oil tank impacts the cost, with larger tanks generally being more expensive. The price is also affected by whether the tank is single-walled or double-walled, which influences the tank's longevity and corrosion resistance.

Other installation costs to consider include gas or water pipes ($2-$30 per linear foot), concrete slabs ($4 per cubic foot), soil contamination tests ($15-$400), and professional installation ($800-$3,800).

Overall, the installation costs for fiberglass fuel storage tanks can vary widely depending on the specific circumstances and requirements of the project.

Maintenance expenses

Routine Inspections and Repairs:

It is recommended to conduct regular visual inspections of fiberglass fuel storage tanks at least once a month. These inspections should include checking for any signs of damage, corrosion, or leaks on the tank body, valves, piping, seals, and containment area. Any issues spotted should be addressed promptly by consulting a certified tank inspection professional. Regular inspections help identify potential problems early on and prevent costly repairs or failures.

Seal and Gasket Replacement:

The seals and gaskets on fiberglass storage tanks, especially those exposed to weather elements, will need replacement over time. It is advisable to have a certified technician replace these components every 3 to 5 years to maintain the tank's integrity and prevent leaks. Prompt replacement ensures the safe operation of the tank and minimizes the loss of stored fuel or liquids.

Painting and Coating:

The exterior coating of a fiberglass storage tank plays a crucial role in protecting the underlying material from corrosion. To maintain this protection, the tank should be re-coated at intervals recommended by the manufacturer, typically every 5 to 10 years. Before re-coating, the tank surface must be properly cleaned and primed to ensure the new coating adheres correctly. Using a coating specifically designed for industrial use is essential.

Soil Testing and Remediation:

In the event of a leak or spill, soil testing and remediation become necessary. The costs of cleaning up and remediating the affected area can be significant. The Environmental Protection Agency (EPA) estimates the average cleanup cost to be approximately $154,000, with contamination reaching groundwater costing between $100,000 and $1 million. Regular maintenance and prompt leak detection can help reduce the likelihood and impact of such incidents.

Insurance and Compliance Costs:

Operators of aging fiberglass underground storage tanks may face higher insurance rates and deductibles. Additionally, regulatory standards and compliance requirements for tanks evolve over time. It is essential to stay updated with local and state agency regulations to ensure your tanks remain compliant. Upgrading or replacing tanks as needed helps avoid fines, legal issues, and ensures adherence to the latest industry standards.

By incorporating these maintenance considerations into your budget, you can extend the lifespan of your fiberglass fuel storage tanks, minimize unexpected costs, and ensure the safe and efficient operation of your fuel storage system.

Environmental and safety factors

The cost of replacing a fuel or water tank depends on various factors, including the material of the tank, its size, and whether it is located above or below ground. A fuel or water tank costs, on average, $2,327 to replace, with prices ranging from $50 for a 25-gallon tank to $35,000 for a 15,000-gallon tank.

Now, let's discuss the environmental and safety factors related to fiberglass fuel storage tanks:

Fiberglass-reinforced plastic (FRP) is a popular choice for fuel storage tanks due to its durability, corrosion resistance, and safety features. Here are some key environmental and safety factors to consider:

• Corrosion Resistance: FRP tanks are highly resistant to corrosion, which is crucial for maintaining the integrity of stored fuel and preventing leaks. This feature is especially important for the storage of corrosive liquids such as gasoline, petroleum, and ethanol-blended fuels.
• Leak Prevention: FRP tanks are designed to be leak-proof, which is essential for environmental safety. The double and triple wall coatings in fiberglass tanks enhance their protection and make them robust, corrosion-resistant, and leak-proof.
• Secondary Containment: Fiberglass tanks often feature secondary containment, which captures the entire contents of the largest tank in case of a sudden leak or spill. This prevents the leakage of harmful substances into the surrounding soil and groundwater.
• Durability: FRP tanks are known for their durability and long lifespan, especially when properly maintained. They can withstand soil movement and other external factors commonly associated with underground applications.
• Fire Resistance: Fiberglass is fire-resistant, making it ideal for storing flammable liquids. In the event of a fire, fiberglass tanks can help prevent the loss of valuable goods and minimize potential damage.
• Customizability: FRP tanks can be customized in terms of size and configuration to meet specific requirements and space constraints. This flexibility ensures that fuel storage needs are met without compromising safety.
• Lightweight and Structural Integrity: Fiberglass tanks are lightweight compared to steel tanks, making them easier to transport, install, and handle. Despite their lightweight construction, they have strong structural integrity, enabling them to withstand the external pressure of being underground.
• Environmental Compliance: Regulatory standards and compliance requirements for underground storage tanks (USTs) have evolved over time. Replacing aging USTs with fiberglass tanks helps maintain compliance with regulations, avoid fines, and ensure that the tanks meet the latest industry standards.
• Reduced Maintenance: FRP tanks require less maintenance and repairs compared to other storage tank materials. This not only saves time and money but also reduces the risk of corrosion and associated environmental issues.
• Versatility: Fiberglass tanks can be used for various applications, including wastewater management, chemical storage, food processing, and pharmaceutical industries. Their versatility allows for the safe storage of multiple products in the same tank, reducing operational costs.

Frequently asked questions