P300E Peerless 33.8 Hp is defined as Knock Sensor Circuit Range Performance (Bank 1 or Single Sensor). This refers to camshaft timing, which in this case is over-retarded. As you drive and when specific conditions are slowly met, the vapors will gradually purge from the charcoal canister and will get burned within your engine.
Possible Causes :
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Find out what kind of system you have and verify that voltage to the fuel level sensor is present at the fuel pump wiring harness. 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. Pack the connector cavity with dielectric silicone compound (same stuff they use for light bulb sockets and spark plug wires) and reassemble.
Diagnostic trouble code P300E Peerless 33.8 Hp 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 P300E Peerless 33.8 Hp.
Fortunately, P300E Peerless 33.8 Hp is a fairly common OBD code, meaning that it applies to all makes and models of vehicles made after 1996.