Not sure about the filter being soaked in gas, unless it was upside down for a little while. Pull your spark plug and see if its wet, if it is then the motor is flooded. If flooded, dry the plug off and reinstall it, turn the low and high needle all the way in and crank the motor until it fires. It should then die off, then reset your screws to 1 1/4 turns. Don't prime it or choke it, just try to start it again. I usually feather the throttle while trying to start it after that. It should fire.
OH, and make sure to use a good spark plug, trash the torch plug it came with.