Patent US 8,538,591

A fuel management system and method that permits accurate accounting of fuel consumption within the context of a fuel consuming system is disclosed. The system/method may be broadly described as comprising a fuel level sensor, fuel level sensor transponder, fuel accounting system, and optional regulated fuel dispenser. The fuel level sensor accurately determines the contents of a fuel tank. This information is reported via fuel sensor transponder to a fuel accounting system that tracks the fuel consumption of the fuel consuming system and provides billing information based on the detected fuel consumption. This accounting information may be utilized within an optional regulated fuel dispenser to refill the fuel tank to an accurately predetermined fuel level for the next fuel management accounting cycle. While the present invention has many applications, one preferred embodiment targets fuel management within the context of rental/lease vehicles and the like.