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well
you will have to help out some. which type of fuel injection does it have? or is it a carb? does it have points? a sudden failure of spark i would suspect a loose lead somewhere or a broken point wire or a wire fell off somewhere. it also could be a bad ground wire from the batt to chassis or from chassis to engine. or simply dirty battery cable. if it is the (is it j tronic fuel injection) then there may be a set of injection points under the distributor points. no you said it smells like fuel so prob that is not it. if it has points look at the point wire inside the distributor. also look at the rotor.
good luck.
tom w
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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.  [SIGPIC]
..I also have a 427 Cobra replica with an aluminum chassis.
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