What 29 CFR 1926.152 requires (plain English)
29 CFR 1926.152 governs flammable liquids on construction sites: the gasoline, diesel, solvents, and other flammable liquids that power equipment and are used in finishing and cleaning. Construction sites are high-risk for flammable-liquid fires because fuels are handled in the open, near hot work and running engines, often stored in temporary conditions. The standard sets how these liquids must be contained, stored, and kept away from ignition sources.
Two container rules are central. First, only approved containers and portable tanks may be used for the storage and handling of flammable liquids, for small quantities, this means approved safety cans (or DOT-approved containers), not open buckets or improvised vessels. Second, no more than 25 gallons of flammable liquids may be stored in a room outside of an approved storage cabinet; quantities above that must be in an approved cabinet (which itself has quantity limits) or an approved storage room or building. These limits keep the amount of readily-ignitable fuel in any work area small.
Ignition-source control ties it together. In locations where flammable vapors may be present, precautions must be taken to prevent ignition by eliminating or controlling sources of ignition: open flames, smoking, cutting and welding, hot surfaces, and static electricity. Because construction routinely combines fuels with hot work, 1926.152 is closely linked to the hot-work/welding requirements: fuel storage and refueling must be separated from welding, cutting, and other ignition sources, and safety cans and proper bonding/grounding reduce the chance that a spill or a spark becomes a fire.