Fuel System Problems:
* Low fuel: The most obvious cause. Check your fuel gauge.
* Fuel filter clog: A clogged filter restricts fuel flow to the engine.
* Fuel pump failure: The pump may be weak or failing, unable to supply enough fuel.
* Fuel injectors malfunction: Clogged or faulty injectors prevent proper fuel delivery to the cylinders.
* Fuel pressure regulator issues: A faulty regulator can lead to incorrect fuel pressure.
Ignition System Problems:
* Spark plug issues: Worn, fouled, or damaged spark plugs prevent proper combustion.
* Ignition coil failure: A faulty coil won't deliver the necessary spark to the plugs.
* Ignition wires/distributor cap/rotor (if applicable): Damaged wiring can interrupt the spark. Older Mustangs might have a distributor.
* Crankshaft position sensor (CKP) or camshaft position sensor (CMP) problems: These sensors tell the engine's computer the position of the crankshaft and camshaft, vital for proper timing. A faulty sensor can lead to misfires and power loss.
Air Intake System Problems:
* Air filter restriction: A dirty air filter restricts airflow to the engine.
* Mass airflow sensor (MAF) failure: The MAF sensor measures the amount of air entering the engine. A faulty sensor provides inaccurate readings, leading to poor fuel mixture and power loss.
* Vacuum leaks: Leaks in the intake system disrupt the proper air-fuel mixture.
Exhaust System Problems:
* Clogged catalytic converter: A restricted exhaust system back pressure reduces engine efficiency.
Transmission Problems (Automatic):
* Transmission fluid issues: Low, dirty, or incorrect transmission fluid can cause slipping or lack of power.
* Transmission solenoid problems: Faulty solenoids can disrupt the transmission's operation.
Engine Mechanical Problems:
* Low compression: Worn piston rings or valves can lead to low compression, reducing power.
* Valve train issues: Problems with valves, lifters, or rocker arms can impact engine performance.
* Timing belt/chain problems (depending on engine): A broken or slipped timing belt/chain can cause catastrophic engine damage and immediate power loss.
Other Potential Issues:
* Throttle body issues: A dirty or faulty throttle body can restrict airflow.
* Oxygen sensor failure: The oxygen sensor monitors the exhaust gases and helps the engine maintain the proper air/fuel mixture. A faulty sensor can lead to power loss.
* Computer (ECU) problems: The engine control unit might have a fault, impacting various engine functions.
Troubleshooting Steps:
1. Check the obvious: Fuel level, air filter condition.
2. Check for trouble codes: Use an OBD-II scanner to read diagnostic trouble codes (DTCs) stored by the engine's computer. This can pinpoint the problem area.
3. Listen for unusual sounds: Rattling, knocking, or whining sounds can indicate mechanical problems.
4. Professional Diagnosis: If you're not comfortable working on your car, take it to a qualified mechanic for diagnosis and repair.
This isn't an exhaustive list, and the specific cause will depend on the year, model, and engine of your Mustang. Always consult your owner's manual and seek professional help if you are unsure about any repairs.