I have that compressor and mine did the same thing. I simply ran a 20a circuit but unless something's changed in the past 10 yrs since I got mine, that motor can be wired for 220. Instructions are on the cover of the motor IIRC. or, you could look up the manual online to be sure.
The compressor doesn't work well with the 110v.
I think you need an electrician. You sound electrically challenged.I purchased a Husky oil cooled 30 gal air compressor.Sadly my garage is 110v wired.The compressor doesn't work well with the 110v.I have access to a 220v outlet,,,clothes dryer outlet.Is there anyway to run this on the 220v??
Does it run better on 220 rather than 110? Cuz adding a dedicated 110/20A outlet is probably the easiest and cheapest option... just need a breaker (and maybe a 15A tandem if you need to free up a slot), some heavy romex, a box, and an outlet.
Does it run better on 220 rather than 110? Cuz adding a dedicated 110/20A outlet is probably the easiest and cheapest option... just need a breaker (and maybe a 15A tandem if you need to free up a slot), some heavy romex, a box, and an outlet.
. . . 

next day rolled it to its corner in my garage hooked up a extension cord [the tank held 80lbs at the time] and it sounded like the motor was fighting to turn over,,,after 2-3 seconds the breaker flipped,,,,,
,Now knowing my lack of electrical knowledge,,may I just buy and connect a 220/240 male plug in place of the 110/120 one that is presently there??
Try it without the extension cord and report back.
Read this thread:
http://www.garagejournal.com/forum/showthread.php?t=229249&page=3

I had the same problem with a craftsman oil-less. I'm not sure of the model number, but I will get it & post it here.
It would start no problem with no tank pressure, but it would blow a breaker when the tank was full. 20 amp breaker didnt help the situation .It was brand new , but I got it at a misguided freight sale and obviously no warranty. What I ended up doing was adding a cold start unloader valve, another name is unloader assist valve available on ebay & other places.
Tie it into the pump discharge line( before the tank check valve) what it does is bleed off some of the air until the pressure reaches about 10 PSI, then the valve closes . that gives the motor lots of time to get up to full run before it has to deal with pressure on the pump. Cost was about $4 and a brass tee was $2 .
see the part here http://www.aircompressorservicekits.com/Cold-Start-Unloader-Valve-25.html
If I get ambitious I will take a few pic of my set up & post here if I can..
any questions I would be glad to answer.
See attachment. Typically, all of these fittings would be 1/4" NPT (national pipe thread).
Remove hose. Remove brass elbow. Install "street tee". Install male-to-male coupling. Re-install hose. Install unloader assist valve. All threads require teflon pipe tape at least 3 full wraps.
eBay !
Thanks!
Theoldwizard1 is one hell of a good fella with all his help.
I will order this unloader valve for $4
Street T costs $7
Male to Male 1/4 for $3
Total cost $14/delivered.