What are the prices of oil tanks?

The cost of an oil tank varies greatly, because most consumers rely on one company to remove the old tank, purchase and install the new tank. General costs for those services range between $1,800 and $5,500, according to CostHelper in 2015.

Prices vary based on the size and location of the oil tank. An underground tank requires removal and soil testing to ensure the tank did not contaminate the grounds. Soil testing costs an average of $300 to $500. Generally, most oil tanks are above ground. If the oil tank is below ground, removing it and replacing it with an above ground tank costs approximately $2,700, according to CostHelper in 2015.