P0055 Volvo 240 is described as Fuel System Too Rich, which basically means bank 1's oxygen sensor has detected a rich condition of fuel. This means there's not enough oxygen in the exhaust from too much fuel being delivered into the air and gas mixture for combusion. Other symptoms that may indicate this problem are when the Check Engine Light illuminates and when there is a visible lack of engine power.
Possible Causes :
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Look for missing ground strap or a rusty ground where the fuel tank is grounded to the frame. Check for damage to the wiring harness connector. Once located, visually inspect the connectors and wiring. Look for rubbing, scraping, bare wires, worn spots or melted plastic connectors. Replace the oxygen sensor that is downstream from the catalytic converter on the side of the engine that does not contain cylinder #1. Also, if a oxygen sensor code stating "heater circuit malfunction" the sensor has most probably failed.
Diagnostic trouble code P0055 Volvo 240 is not difficult to diagnose and repair. Thus, it always pays to have a qualified technician to look after your vehicle should this error code arise.
Diagnosing this code requires the engine to be in good running shape, without unmetered air entering the engine. If other codes that relates to misfiring condition, lean running or air entering the engine is present, then you must first fix those error codes before P0055 Volvo 240.
Fortunately, P0055 Volvo 240 is a fairly common OBD code, meaning that it applies to all makes and models of vehicles made after 1996.