The basis for design pressure should be keeping the pressure as low as possible.
Can you use free vents, no pallets? That's ideal choice from a structural standpoint.
If emissions or blanketing or other considerations don't allow this, then check into the breather valves you're going to use, and what the minimum reliable pressures are. Perhaps someone here or at your plant can offer some guidance as well- I suppose if you try to hold it too low, wind will be flapping the pallets open and closed, or they won't seal well, etc.
The 2.5 PSI gauge above is not the normal pressure for tanks, that is the maximum that you can build it to, under API-650. Even at that pressure, you may be incurring major extra expenses in the tank and foundation design, though.
Normally, pressure on a tank doesn't make too much difference until it is close to the weight of the roof plate. Typical roof plate is 3/16", or 7.66 PSF, or 0.05 PSI or 0.85 oz/in2. So you can go up to 1/2 oz and not make much difference. Over that, you may or may not be adding cost to the tank to contain the pressure. Even the 1/2 oz could affect the tank if the tank was otherwise close to borderline stability in wind conditions.