A pressure regulator includes a regulated fluid volume, at least one vent passage and fluid supply passage, a dampening piston bore and a regulated fluid volume outlet passage, a regulated fluid pressure piston having a first surface side exposed to the regulated fluid volume, and a second surface side exposed outwardly of the body, an external biasing member contactable with the piston and providing a force on the piston inwardly of the body, a gate connected to the piston, a dampening piston disposed in the dampening piston bore, the dampening piston disposed between a dampening and regulated fluid volumes and including a recess including a band therein having at least one gap therethrough, the gap in the band forming a passage between the dampening piston and the piston bore communicable with a volume exterior to the region between the dampening piston and the piston bore.