Timmy,
That's still strange: Your fuel guage should go to above 'full' with the key off. Something else is still not right. I'm really wondering whether your guage system hasn't already been replaced with a different system than OEM-style King-Seeley.
For the OEM King-Seeley system ONLY & per the Ford Manual: To test the guage portion, you momentarily jumper/ground the fuel sender lead from under the dash to a clean piece of dash metal to establish a 'solid' ground connection (with the ignition switch 'off') - be very careful to ground ONLY the lead coming from the sending unit and NOT the side from the ignition switch! - Or you can burn-up your under-dash wiring harness -- maybe worse!
Then sit up on the seat, and, while watching the guage, turn-on the ignition switch. If the guage is O. K., the fuel guage will quickly go to below 'empty'; do NOT leave the ignition switch 'on' any longer than it takes to see whether the guage goes below 'empty', or you WILL burn-out the guage!
DISCONNECT the temporary grounding jumper after turning-off the ignition switch first.
You can 'test' the sender wire between the gas tank & dash guage by simply repeating the grounding procedure AT THE SENDING UNIT CONNECTION under the ~4"-round cover located in the trunk.
Finally, after and only after verifying the above tests first, you can test your gas tank 'ground' by installing an actual wire from a clean metal area on the sender base (not the gas tank) directly to your vehicle frame to another clean metal area (NO RUST!!!!).
Please let us know what you find.
Thanks, JLB
55 Ford Crown Victoria Steel Top