Actually, fuel does not burn very well except in vapor form. Most fuel fires (aicraft, automotive, or, in my experience submarines) occur when vaporized fuel (or a pressured stream) hits a heat source (like a hot engine block). An explosion only occurs if there is a lot of vapor, or very high temperatures or pressures. If you shoot an oil drum full of fuel, it probably won't detonate. If you shoot a nearly empty drum, KA-BOOM (inrush of oxygen mixed with existing vapor plus high temperature/pressure caused by bullet). The problem with aircraft, is that fuel vapor blows away in slipstream.
All that notwithstanding, some aircraft were far more susceptible to fuel fires and explosions than others: B-24 wing tanks were terrible about blowing up. If I recall correctly, there was a tank on the spitfire close to cockpit that burned quite a few pilots (ouch!). Japanese planes without self-sealing tanks were notorious for fires as well.
I think (i.e. my opinion!) that the results you see in Aces High are a good approximation of what you see in real gun camera footage. If B-24's are ever introduced, their wings better fold up like the real ones: the cost of their performance gains over the B-17 was survivability.