One of my 07 150's did flow gas out also. I had to readjust the Float in the carb which is not too hard to do and you can even do it with out removing the carb. Just undo the two nuts that hold it to the intake pipe. Rotate the carb to the Left side (if memory servers) then remove the three screws that hold the bowl on. You adjust the float by slightly bending the metal tab that the Needle rests on. Just don't lose any parts and inspect carefully how it goes together before removing the float. Also you want to make sure there is a Vent hole in the Gas cap Rubber piece, if it's not drilled through then do it.
Any other help just ask, I have had my two 150's for a few months now. You may want to cut away at the steering stop also to increase the turning radius! See the "Mod and Repair" page on my site!
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