Fuel storage and supply arrangement having fuel conditioning assembly

A fuel storage and supply arrangement serving as a source of fuel to be dispensed via at least one fuel dispenser in a fuel dispensing environment, comprising:

• a storage tank for containing a quantity of the fuel;
• a pump assembly for drawing the fuel from the storage tank and providing the fuel under pressure;
• a fuel supply line configured to convey the fuel under pressure from the pump assembly;
• a fuel conditioning assembly including:
• a housing having a storage volume, said housing having a housing inlet receiving the fuel under pressure created by the pump assembly, a housing outlet through which fuel exits the housing, and a housing port through which fuel can be drawn into the housing;
• an inlet valve situated to allow flow into said housing inlet if opened and prevent flow into the housing inlet if closed;
• a vacuum source in fluid communication with the housing outlet, said vacuum source operative to selectively apply a vacuum to the housing outlet so that liquid can be drawn into the housing via the housing port at a time when the inlet valve is closed;
• and
• a water intake device in fluid communication with the housing port, the water intake device having at least one inlet situated adjacent to a bottom of the fuel storage tank.