Thanks guys. I went to the local hardware store to get either the graphite pump packing or O-rings and came across some stuff called TFE packing string. It's made with teflon, 3/32” diameter and says it withstands aromatic fuels, vibration and extreme temperatures so I thought I'd try it. I just cut off a piece long enough to wrap around the stem with a little overlap, wrapped it above the washer and screwed the packing nut back down. The valves turn smooth and so far no leaks.