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...Look/listen closely for any exhaust leaks (even minor leaks), especially upstream of the O2 sensor to within about two feet downstream. Inspect the O2 sensor lead to make sure it isn't chafed or melted to ground. Verify that the O2 sensor is properly grounded through the exhaust pipe connection to the engine - the pipe is solidly and electrically connected to the engine. Remove and blow through the inline fuel filter to check for restrictions then measure the fuel pressure with a gauge. Check/spray for vacuum leaks. Check the air management system to make sure it isn't pumping air into the exhaust during closed loop....Reference: 1987 Light Duty Fuel, Drivability and Emissions Manual