A tire inflator/bleed system allows tire pressure to be adjusted using controls in a vehicle and while in motion. The inflator system includes a disk portion which rotates with a wheel, and a ring portion rotatably attached to the disk. The disk may be a spacer between the wheel and a vehicle hub, be part of the wheel, or be part of the hub. The ring portion receives air from an air supply/bleeder and is in fluid communication with the disk portion to provide the air to or from the disk portion. The disk portion is in fluid communication with a tire interior to add or remove air from the tire.