A fluid flow monitoring and evaluation system providing high accuracy for fluid flow systems having low volumes and high pressure includes fluid flow sensors mounted on positive displacement dispensing valves and a fluid flow monitor that received cycle signals from the fluid flow sensors and processes the cycle signals to determine fluid flow information. Information can be downloaded in from the monitor, even in an explosion rated environment, using infra-red link or data can be transmitted, for example via satellite, for posting on the Internet. The system can include dispensing valves having single inputs and single outputs for measuring fluid dispensed at a point of use, which measurement can be compared to measurements taken at a divider block earlier in the hydraulic path to verify that fluid sent into the path was actually dispensed. A novel fluid flow sensor prevents loss of internal components, yet allows internal components to be removed for repair.