A method and system of determining forthcoming failure of transducers. At least some of the illustrative embodiments are methods comprising creating a first electrical signal representative of acoustic energy propagating between a first pair of transducers of a fluid meter, creating a second electrical signal representative of acoustic energy propagating between a second pair of transducers of the fluid meter (the creating the second electrical signal substantially concurrently with create the first electrical signal), calculating a value indicative of a relationship between a parameter of the first electrical signal a parameter of the second electrical signal, and determining whether performance of the first pair of transducers indicates upcoming failure of at least one transducer of the first pair of transducers, the determining using the value.