Abstract: A container for gasoline or other liquids is provided with a hollow body portion equipped with a pouring spout. A manually actuated valve mechanism plugs or unplugs the pouring spout by the axial displacement of a control rod which extends through both the pouring spout and the container body. The plug and control rod being biased towards a closed position and displaceable to a locked open position. In the locked open position the interior of the hollow body portion is vented via a vent tube, ventable to either the upper or lower portions of the container. The air admission system including a pair of pressure-actuated valves disposed respectively in the upper and lower portions of the vent tube and each operable to admit air to the container only when it is not submerged in the container contents. Thus, the flow of fluid will be continuous whether the container is upright or inverted.