I'm not sure where it's at on an 86, but 87-92 is under the drivers seat above the carpet. It sounds like it's your fuel pump relay indeed, once you find your relay, wait until it does that again and tap the relay and if the fuel pump shuts off, you know it's the relay, or just replace it lol. There's a fuel pump connection behind your rear bumper cover, it's a pull-apart connection that connects the fuel pump harness to the wiring from the inertia switch...you can pull it apart and shut the pump off if you don't want it on when you're parked...I did that for about 6 months and mine just stopped staying on...weird.