My personal schema is to place my knee on the tank while turning the vent screw until the hissing stops, then back it out 1/8 to ¼ turn or so, if I want to leave the tank "open". Note that just setting the screw ¼ turn out from full closed will not, in all cases, insure that the vent is open. (Mine would not be). Depends on the specific design of the valve.
I do the same thing, but turn the screw until the hissing just stops if I want the tank “closed”. This way if a catastrophic pressure builds, the pressure should first release (slowly) at the vent, because it is “just” closed. For transporting, I just close it all the way.
Of course, I could not do the above knee thing at all on the leaky tank, because fuel will spew from the connector fitting not matter what.
The whole problem exists since the introduction of plastic tanks – metal tanks (both by strength of the material, and by their shape) easily withstood the vapour pressures of the fuel with a large margin of safety. And metal tanks had O-rings you could easily replace if you lost a drop or two when switching tanks.
Another reason (other than fuel degradation from oxidation, and emissions) to keep the valve closed if possible is to keep the ratio of the fuel components within original spec. Some components in gasoline are more volatile than others (winter fuel has a higher ratio of volatiles for easier cold starting). Leaving the tank open allows the volatiles to evaporate, leaving a higher ratio of less-volatile components behind, which in time works its way up until it, at some point, becomes an issue with starting and operation.
As I see it, we won’t likely see a solution to all this for a while. One solution is to use a carbon canister, similar to what’s in a car, that captures the fuel vapours, and then draws them back into the engine using a purge valve after it’s started, and burns them. The canisters can be physically large, like a coffee can, and associated several tubes are required. And they should be changed periodically to keep them at maximum performance. Yeah, that will be popular.
-Brian.
Ps. While the exact details escape me now, it is the evaporative emissions captured in the carbon canister that allowed a modern car to do a 200 mile trip (I do remember that I could drive to Toronto and back, = 200 miles at the time, which was late 1990’s) and put out fewer, or the same, pollutants than an older car (like pre 1970’s or so) that was just parked and was not started for the day. As I recall, a lawnmower just sitting was just as bad. So evaporative emissions are still significant, if not as high as you reported, Mastreb.