Typically teflon tape is not recommended fpr fuel system fittings. Why, because if allowed to enter into the fuel system it can clog things up.....like pumps, regulators, jets......! If you are using flared AN fittings, they require no sealant. They seal via the flares. The threads on a flared fitting do not create the seal. However, if you are installing a NPT fitting it can be used provide you don't apply the tape to the first three thread (an aircraft requirement IIRC). This practice is some insurance that the teflon tape doesn't get into the working system. A good alternative to the teflon tape is teflon pipe dope but, the same applies about not allowing it to get into the working system. Hope this clears the air a bit!
Tom