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My '67 Fury is doing the same thing. I grounded the wire feeding the sender and the gauge went up to full. I made sure that the fuel tube is grounded to the frame. It usually reads just above empty but sometimes will go up to half. When I fill the tank it will go to full after a few minutes but then back to just above empty. Does that sound like ground problems or sender on the way out?
John



Sender is bad.