System and Method for Identifying a Fuel Loss Event

A method for identifying a fuel loss event, the method comprising steps of:

• receiving first data signals indicative of periodic measurements of a measured volume of fuel stored in at least one fuel tank, wherein each periodic measurement includes a first date/time stamp indication of when a respective periodic measurement was made;
• receiving second data signals indicative of a measurement of a dispensed volume of fuel dispensed into the at least one fuel tank, wherein a second date/time stamp is associated with the start of dispensing fuel to the at least one fuel tank, and a third date/time stamp is associated with the end of dispensing fuel to the at least one fuel tank;
• determining a total volume of fuel equal to the sum of the dispensed volume of fuel and the periodic measurement having the latest first date/time stamp prior to the second date/time stamp;
• determining a difference between the total volume of fuel and the periodic measurement having the earliest first date/time stamp subsequent to the third date/time stamp;
• determining if the difference exceeds a predetermined threshold indicating a fuel loss event;
• and
• generating an alert if it is determined that there is an indication of a fuel loss event.

A system for identifying a fuel loss event, the system comprising:

• a first data signal receiving circuitry operable to receive first data signals indicative of periodic measurements of a measured volume of fuel stored in at least one fuel tank;
• a second data signal receiving circuitry operable to receive a second data signal indicative of a measurement of a dispensed volume of fuel dispensed into the at least one fuel tank;
• a first logic circuitry operable to determine a total volume of fuel equal to the sum of the dispensed volume of fuel and the measured volume of fuel last measured prior to receipt of the second data signal;
• a second logic circuitry operable to determine a difference between the total volume of fuel and the masured volume of fuel first measured subsequent to receipt of the second data signal;
• a third logic circuitry operable to determine if the difference exceeds a predetermined threshold indicating a fuel loss event;
• and
• a fourth logic circuitry operable to generate an alert if it is determined that there is an indication of a fuel loss event.