Considering how many high-ticket comics are on this site, I was kind of amazed that there seemed to be no examples of this title. At any given time, there are half a dozen or so on eBay, starting at around $15 each. I guess none of the members here have any.
From what my research has told me, the rights were (are?) owned by the Gulf Oil Company, and the book was printed by the Eastern Color Printing Company from 1933-1941.
http://3.bp.blogspot.com/-Zv7AoDXjOEM/TjsDEIMPb1I/AAAAAAAAEJg/H77t0P4NUk4/s1600/Bill+Thailing.jpg
In the early 1980s, I ordered a a catalog of comic books (and related items) from Bill Thailing of Cleveland, OH (pictured above, if I got the HTML to work correctly). His catalog was full of personal notations, including a long story about his "love" for
Gulf Funny Weekly. He was still looking for a few filler issues, and had several doubles for sale. I was intrigued about the title, and although I didn't order any directly from him, I started looking for them at comic shops. It took me several years to find one in a second-hand paper shop (not a comic store). Sometime in the 1990s, I wrote a letter to Mr. Thailing (who passed away in 2003) and received a very nice response. He never did get a complete collection!
Thanks to eBay, I did manage to score a few. Again, I hope I can submit them here. Maybe more people will do the same.