I've seen a tank gauge blow. In that case, the person failed to release pressure on the gauges at shut down, and the sudden jump in pressure when the tank was turned back on caused the blow out.
For those who may not know.
When ever a torch is used, shut down the tanks, turn on the gas flow through the hoses to drop pressure to zero. Close valve flow, then turn the gauge settings back down to zero, so the handle will move freely with no resistance. This will prevent 99.9% of all gauge blow outs.