Gas smell in dirty oil
95mustanggt:
As you asked for my advice via a PM I'm going to reply, but only to agree with what PKRWUD and srv1 have already offered.
The compression test is vital at this point and will tell you a lot.
Later, a cooling system pressure test may possibly be in order to find any coolant loss but right now, the oil problem is Job #1.
Your oil is obviously contaminated with gasoline and that could be from blow-by or possibly a leaking fuel injector (can happen when the engine is off, too).
Don't panic - just do careful, methodical testing and allow pros like PKRWUD and srv1 to help you analyze the results and recommend the next step.
I'm a knowledgable amateur and I can help but I'm quite ready to defer to people who get paid to do this stuff every day. You're fortunate to have their input here so follow their advice.
Good luck.
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