You report two symptoms that indicate different causes:
Milky oil
Water in the oil at some point. Follow Ed's excellent advice on multiple oil changes. Further source searching may be necessary if the condition persists.
Gasoline smell in the oil
If you have a mechanical pump, a rebuild is in order.
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Neil
1977 Catalina 30
San Pedro, California
prior boats 1987 Westsail 32, 1970 Catalina 22
Had my hands in a few others
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