It's more often reported as a gas smell in the garage than when riding, but it has often been the gas cap gasket (old and shrunk).
Someone posted up a big skinny O-ring that fits and the cap will snap down on (posts on here if you can find them).
Others took a bicycle tire inner tube (skinny stuff) and cut one up and sistered it over the old gasket.
Edit: Well I did a search for you and found it (July 2013):
http://www.valkyrieforum.com/bbs/index.php/topic,57951.0.htmlAlso, if you sit on the bike level to fill the tank at the station, and fill right to the top, never just lay it over on the side stand in the sun or it will heat up and belch gas from the vent. And a one mile ride to the food joint isn't far enough either. Put off filling the tank (right up to the neck) until you are taking off on a ride, or 10 miles from home, or don't fill to the neck.