I bought a used pancake compressor and just used it today. When I turned it on, it reached it's peak level and turned off, which I know is normal. Upon viewing the pressure gauge I saw it was dropping fairly quick. My hearing isn't good, therefore, I asked the wife if she heard a leak and she did. I pin pointed the air coming from a hole from the regulator valve which lies under the cap. Therefore, my question, is this normal? I can't imagine it being normal since it continuously turns my compressor on when it falls below the set pressure. I tried turning the valve all the way in and air still leaks. If this isn't normal, is it safe to assume I can replace it?
Thanks for all help.