PCP Handpump help

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There's some sort of liquid leaking from the meter while I was using my pcp handpump today. Can somebody please tell me what this is, and what I need to do? What type of liquid is this? Can the pump still be used?

MOD EDIT: moved to pumps & compressors
 
There is more to it than shipping protection. It is used as a damper to minimize vibrations which can cause metal fatigue. While it isn't all that important with hand pumps, it certainly is when using electrically-driven ones. The bottom line is, refill the gauge with glycerin replace the plug. Glycerin can be purchased inexpensively at any health food store, and from most drug stores. 
 
"Alan"There is more to it than shipping protection. It is used as a damper to minimize vibrations which can cause metal fatigue. While it isn't all that important with hand pumps, it certainly is when using electrically-driven ones. The bottom line is, refill the gauge with glycerin replace the plug. Glycerin can be purchased inexpensively at any health food store, and from most drug stores.
Thanks so much for the info. Guess I will do just that. Buy some glycerin and refill...