Accidental releases of superheated liquids, such as liquefied petroleum or natural gases, are featured by depressurization across the outlet leading to liquid flashing within the upstream container and the downstream jet. In this work, dynamic behaviors of in-tank liquid with phase change throughout depressurized releases and the influence on the primary breakup of flashing jet were studied with an experimental 20 L tank. In-tank parameters (pressure, temperature, and liquid mass) and downstream jet morphology were characterized. A new nondimensional number (eta p), the ratio between the superheat levels of the saturated states corresponding to liquid temperature and pressure, was developed to describe the liquid's thermodynamic state under both release and ambient conditions. A thermodynamics-determined release rate model was established to characterize flow behaviors at the exit. Results showed a strong correlation between the initial eta p0 and key process parameters I (depressurization and release rates): I = a eta p0b , where a and b are constants for a particular I. A eta p0-based criterion was derived to characterize in-tank release dynamics and thermodynamics: eta p0 < 0.25 (subcooled), 0.25<eta p0 < 0.4 (transition from subcooled to superheated), and eta p0 > 0.4 (superheated). Mild evaporation and flash evaporation dominated in-tank pressure recovery when eta p0 < 0.25 and eta p0 > 0.25, inhibiting depressurization. The release rate model agreed well with experiments and demonstrated that flashing happens upstream and chokes the induced two-phase flow when eta p0 > 0.25, decreasing the release rate. The evolving upstream conditions changed the breakup regime both in mechanical and thermodynamic aspects. Moreover, the thermodynamic effect increased as the mechanical effect decreased during depressurization.