White Paper by Otodata and Gray, Gray & Gray, LLC
For companies that deliver heating oil and propane to homes and businesses, optimizing logistics is key to improving efficiency and profitability. At the same time, customers expect reliable fuel supply without the inconvenience and potential hazards of runouts or overfills.
Tank monitoring technology offers a solution that benefits both fuel marketers and their customers. By providing real-time data on fuel levels in storage tanks, monitors enable a more proactive, streamlined and customer-friendly delivery process.
According to Gray, Gray & Gray’s 2023 Energy & Propane Survey, more than 72% of propane dealers offer tank monitoring to their customers (at an average per tank fee of $54.32) and just over 36% of heating oil dealers offer the same service (at an average fee of $26.53).
How Tank Monitors Work
A tank monitor is installed on an above or below ground fuel storage tank. Using wireless technology, it transmits data on remaining fuel volume to a centralized dashboard that the delivery company can access. Additional data points may include:
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