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The way you are talking, I don't think you have a transmission problem at all.

If I was you I would run a fuel pressure test on the engine, I'm sure you are having a fuel problem and it is running lean and that's why you are coming up with a 02 sensor code. I just fixed one in my shop that was doing the samething, It had enough fuel pressure to start and run, but while driving down the road it felt like the transmission wasen't pulling correctly and the engine had no power. CHECK FUEL PRESSURE.

Hey let me know what the outcome is THANKS NEUTZ.

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Q: Looking at a 1996 GMC Jimmy. It has a transmission problem where at 40MPH it loses almost all power and has little pull. Also had a recent o2 sensor code pop up. What is this caused by most likely?
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