Before you swap the voltage stabilizer, you can test to see if the gauges respond properly with a decade resistance box (or, if you're cheap and don't have a decade box handy, then solder several resistors together to come up with the right numbers - you need four different resistance values: 35, 210, 340 and 30 ohms). This saves you from buying the "VW 1301" tool.
On my '85 vanagon, the wire from the tank sender to the gauge is purple and black. Disconnect it at a connecter under the dash, ground the decade box to the frame, put the "hot" wire from the decade box to the gauge side of the purple/black wire connector. Turn the ignition on. If you input 35 ohms to the gauge from the decade box, you should see a full tank, and if you input 210 ohms you'll get an empty tank.
For the coolant gauge, do the same with the coolant gauge wire (I can't remember now... yellow & red?) at a connector. Input 340 ohms to get the needle at the white "transition zone" of a cold engine, and 30 ohms to pin the needle hot and make the LED flash.
If the gauges don't respond to the resistance inputs, then either you have a bad gauge, or bad voltage stabilizer. If the gauges do what you expect, then you have a bad sender.
If the gauges don't respond, then next step is to test the voltage stabilizer on the back of the flexible circuit board with a multimeter. It should pass between 9.5 and 10.5 volts to the instruments when the ignition is on. If it doesn't, then there's your problem. If it does, then it has to be the gauge (or, in my case, broken copper connections in my rotten blue plastic circuit board, which I'm grateful to have found before wasting money on new gauges).
Note that the resistance values I suggest here are only approximate to the VW 1301 tool's values, and are not perfect. I got them from a vanagon guru, and they worked for my gauges, including the 1988 Jetta tach/fuel/coolant gauges that are in there now. So they should work with other factory VW / VDO fuel and coolant gauges from the 1980s (1990s?).
(There, now I've written something useful, instead of just asking for help here all the time!)