I don't think it would be able to dissolve rubber that quickly but you may want to look down in the tank it could've slipped off ...likely... but if you weren't present watching the guy perform this task who knows what happened ... He may have forgotten the gasket in his haste... I would wear a mask of some sort those gasoline fumes are toxic ...anywho...whatever the case might be, even if the gasket is in the tank and the tank is full... I truly believe, depending on the gasket of course ( MotorCraft drops right to the bottom I watched it with my own eyes) it should sink to bottom of tank and not cause any harm...but then again it depends on which gasket was on the fuel pump assembly module ( Spectra ) or ( MotorCraft ) the MotorCraft gasket is 100% better quality thicker and heavier and if my memory serves me correctly I believe it's green in color...I threw the Spectra gasket away and used my existing MotorCraft gasket ...I think you can buy them on Rockauto, Ebay and even Amazon ...I suggest if you don't have a MotorCraft Gasket you buy one... as far as closing the ring properly and seating the ring in the proper place it's better to use someone to help you and have one person hold down the cover while you screw the ring on properly ... Just be happy your connectors aren't broke like mine were ... I must admit whenever I had to close up my Module ring I would have my wife press down on the module so I wouldn't cross thread the ring when sealing the system up properly ... I brought her to Red Lobster after battling that damn system she deserved it that's for sure ...I battled that system for about 8 months and finally fixed it after another great member on LVC sent me an extra OEM connector from California...(Thanks Again Heyjewel!) The guy was a life saver...because the day it arrived in the mail my car wouldn't start...I put the OEM connector on with a bit of modifying and the car was good as new again ... After a year trying to modify that fuel system with different hoses and connectors I found it was designed to perform only one way ...OEM and only OEM the connectors are specific and nothing else will work..If you have any other questions about this Module let me know