Well, seems I fudged just a bit---I measured what I just dumped and it's closer to 1/2 gallon...AND it was more like 2 months ago since we drained it...(the air tank itself)
However, it DOES run A LOT, probably 15 times a day...it's great big Coleman we got from Sams club about a year ago, with an old fashioned 220v electric motor driving a twin-piston compressor, with pulleys & belts and EVERYTHING! (I have one of those noisy Craftsman compressors at home)
SuperSix, don't blame Craftsman for that broken valve, I broke the valve off the Coleman the day we bought it! Those valves ain't up to much in the first place... Best thing to do is pull the valve & all the valve reducers out, and replace those with the correct size galvanized nipple, an elbow, about 12" more nipple, and attach a quality ball-valve to THAT, just for a water drain!