I don't know him but he doesn't look gay to me. Not at all. He's open minded and very careful when addressing those gays rumors, but I don't think he is gay. Then again, I could be wrong. Jake strikes me as a loving, mature, and sensitive guy, who won't go about hurting someone he cares about so people won't get the wrong idea. I mean he still hangs out with Austin no matter what people say about the nature of their relationship. They look like buddies to tell you the truth. I also think he's very much into girls but was recently heartbroken and needs some time before embarking into a new relationship.
I don't know what Jake is into right now, its none of my business either, but I wonder why he doesn't do some travelling. He could use some time away from those paparazzis. He should do like Natalie Portman who went to Morocco, and travelled all over Spain by herself. But that's just my opinion. If I had all the money he probably has, I'd travel all over Europe by train, meet new places and new people. I'd do that.