Well, I figured out why: (1) gas was being sucked up to the charcoal canister and (2) why there was pressure constantly on the gas tank.
Fuel tanks from 1973 had 4 vent lines going to the vapor separator. I had replaced my fuel tank back in 1982. It was from a 1970 Cuda which had only one vent line.
Some how I had connected the vent line from the 1970 tank to the line that goes to the charcoal canister, totally by-passing the vapor separator. After reading some posts and looking at the diagram in the service manual, I decided to crawl under the car and see what was what.
I saw my blunder from 1982 and had to laugh. I fixed this by putting the vent line from the tank to my 4 line separator, plugged the other 3 open tubes on the separator and made sure the correct line went to charcoal canister from the top of the separator.
There is no more hissing of pressure when opening the gas cap and the charcoal canister is not sucking raw fuel any longer. It only took me 28 years to figure this out. But I couldn't have done it without everyone's help. Thanks to all!
By the way, my gas cap is OK and I do not need to get a new one. In case anyone wanted to know I paid $15 at the junk yard for that tank in '82.