UPDATED: 2:35 p.m.
No firefighters or civilians were hurt, according to fire officials.
Residents were allowed back in their homes after officials said it was safe and fumes were not a concern.
Blueknight Energy Partners added in a statement: "There was no product released as the tank retained its integrity. We are currently cleaning up the area. There does appear to be some damage to the roof of the tank, per a drone inspection. We are working with the New Jersey Department of Environmental Protection (NJDEP) as well as the Environmental Protection Agency (EPA) and Coast Guard. The cause of the incident is under investigation."