I don't see WD40 staying in the tank, it would quickly evaporate and go out through the lines.
As others said, it could effect paint, if used for such.
The best thing you can do to prolong the life of the tank would be to install an automatic drain, the electric solenoid type on a timer. They work well, but still need to be checked periodically.
Even a dry tank is no guarantee there will be dry air. Any moisture that escapes the tank in the form of vapor, will condense in the lines. Unless the lines are designed to drain back to the tank (even that is no guarantee) there will still be some moisture delivered with the air. That will have to be caught at the point of use.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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