I’m new to this board, but wow, there sure are some smart people here! I’m a car nut myself, so I can vouch for the comments of some other folks here:
Tedster is right about the fuel pump being immersed in gasoline; it helps cool the pump. If you run your car low on gas, no, it won’t break, but it might shorten the pump’s life.
To elaborate on what Sam Stone said, imagine this: Your fuel tank has a float inside, which, of course, floats. If the gas tank is 10" tall, and the float is sitting at 5", the gauge will probably read half-full… this is all and well if your tank is shaped like a square or a cylinder… but most cars have unusual tank shapes; imagine if it were shaped like a triangle or something; the gauge wouldn’t be accurate any more.
Regarding what LilShieste said, I used to own a 1985 Ford Crown Victoria, which had the optional “Tripminder Computer”, which I later determined to be very accurate. Among other things, it had a setting that showed me how many gallons I had burned…I could merely compare that with the capacity of my tank, to determine how much I had left.
From I think 1985 to 1993 or so, the Cadillac DeVilles showed exactly how many gallons were in the tank, on a digital display on the dash; I don’t know how accurate it was.
If you want to truly know how much gas is in the car you currently own, here’s THE way do it. I’ll try to give all the details.
Fill the tank up all the way. Write down how many miles are on your car, or reset the trip meter. Drive as you normally would, until it gets low. Fill it up again, and note how many miles you’ve driven, and how many gallons of gasoline you bought.
Divide the miles you drove, by the gallons. For example, if you drove 200 miles and had to buy 10 gallons of gas, that means your car gets 20 miles to the gallon.
Refer to your owner’s manual, and find out how many gallons your tank holds. Multiply that times your MPG (miles-per-gallon). For example, if your car gets 20mpg, and has a 20-gallon tank, it will drive for 400 miles on a full tank.
Once you’ve determined all this, simply reset your trip meter at every fillup, and refill when you’re near that 400 miles, or whatever your car happens to be.
Ignore the fuel gauge, as they’re nearly useless.