positive arching out on something, hows the fuel pump wired and have you had a look at the condition of the wiring if it has an intank pump, sometimes the plastic can perish inside the fuel tank and expose the wire through the insulation.
i dont think a bad plug would do it, also your fuel pump could just be farked and cranking out real high loads that are drawing too many amps, as you are driving and giving it load its probably feeding that bit more current and putting a greater load on the fuel pump, a car needs more fuel at 5k down a street than it does at 5k in your driveway.