Art,
You took the thoughts right out of my head!
You're absolutely correct.
To keep stored fuel 'good, it should be should be stored in a SEALED container, without any venting.
By having vented storage, this allows the lighter, more volatile components of the fuel to vaporize and "leave" the mixture; leaving behind only the heavier fuel components.
In addition, oxygen in the air will combine with the fuel and produce less 'burnable' fuel.
Realize too that many "safety cans" have a spring-loaded relief valve/lid that will prevent the fuel from building pressure, which is a good thing to keep the can from leaking or bursting, but a bad thing for keeping the fuel good for any amount of time.
Pressure is usually built up inside the sealed container if it is warmed.
To keep a sealed container pressure build up to a minimum, keep the container cool and out of direct sunlight.
Although a lesser concern, but still an issue, is the heating and cooling of OPEN VENTED containerized fuel becoming contaminated with moisture. This can occur as the empty air space inside the tank or container warms (expands) and cools (contracts). This heating and cooling may only be a few degrees, but it will still cause air to be 'drawn in and out' of the container or tank. Any moisture or humidity in the air has a tendency to condensate once inside the container and thus allowing the condensated water to add itself into the fuel. Not a good thing. This is how containers and fuel tanks get rusty on the inside. For this is the reason why folks say, "Top off your tank when you go to store it." So, by keeping the containers/tanks full will reduce the amount of empty air space above the level of fuel inside the tank and reduce the amount of air in and out of the container & the amount of humidity/moisture that could fallout inside.
So, if you are unable to seal your Cubs fuel tank or storage container, try to keep/store it in a cool place, covered in the shade, and keep it full.
If you ARE able to SEAL your fuel storage container, then by all means keep it cool, thus preventing it from building pressure and leaking or bursting.
By the way, in the case of our Cubs, especially those Cubs with the fuel tank mounted right above the engine, DO NOT re-fill the tank right after running the engine. Obviously not only does this pose a fire safety hazard if any is spilled or dripped down onto a warm/hot engine - but more to this fuel storage discussion - the tank will warm up from the engine and will cause the fuel to expand beyond the tank capacity. So, if full, some fuel may be pushed out the vented cap and caused to seep out over the tank and possibly down onto the engine.
THE FIX? Don't re-fill the fuel tank right away. Wait an hour for the engine/tank to cool down, then re-fill the tank to full status.
Personally - I don't worry so much about running my carb dry, rather I try to start/run all my Cubs, push mowers, roto-tiller, etc. at least once a month for ~10 minutes. By doing so, I ensure I run out the fuel that may be getting stale in the carb & fuel lines and vaporize any moisture that may have condensated inside the crankcase. I don't use STABIL, rather I've had good results with just using premium or mid-grade, name-brand gasoline. I also use MMO in the fuel & motor oil of my air-cooled engines. During the winter months, I may even lift my Cub(s) on the floor jack and let it run the hydromatic in gear to warm the trans/rearend lube. I do this mainly so the seals all get some lube and 'flexing excercise'.
MTBE = Methyl Tert-Butyl Ether. A component added when lead was removed. Now banned in many locations, as Scott T. indicated.
Ryan Wilke