A bad fuel pump will do that, if I am not mistaken.

 

Holley carb by any chance? A blown power valve or a stuck needle will cause this. An excessive amount of fuel is being pumped into the intake and it eventually runs past the rings and contaminates the oil. Watch out for hydraulic lock!

 

Edlebrock 4bbl carb

 

stuck choke!

 

.

 

Don't run it and change the oil now. My guess is a bad fuel pump. If you run it anymore without new oil you can just take your time and do a whole new rebuild since the bearings will be shot.

 

Years ago a 63 Impala I was riding in caught fire because of gas in the crankcase! My buddy “repaired” his fuel pump leak by driving a nail into the small hole in the side of the pump. This hole is designed to leak fuel out before it enters the crankcase in the event of a pump diaphragm failure. He had to tear down the 327 and replace the bearings, replace the wiring harness, and repaint the hood. The inside of that engine sure was clean but the bearings were worn down to the copper.

 

Thanks for all the help guys Ill let ya know what happens

 

Hey guys thanxs for all the help. I ended up checking the spark plugs and they all were dry as a bone. No fuel in the cylinders. Checked the compresion and all eight were between 140 - 150. So I decided to replace the fuel pump. So far everything is awesome no more fuel in the oil. Thanks again