Well, It's a Stant cap marked "Caution: Rotate cap one-half turn to vent." and "After Hissing Stops Continue Turning to Remove."
Seems like it's supposed to "hiss" or Swoosh.
Fuel tanks need to be vented to allow air to replace fuel drained from them and thus prevent tank collapsing not to mention compromising fuel pump suction. Irrespective of what is printed on your present cap which is likely not OE, it's a simple test to go for a short drive with cap removed and some form of plug from a freely breathing rag in its place.
BTW I have heard of ethanol bloating seals in caps that otherwise allow some air flow.