That should be the power steering hose. Use water to flush the leakages and if it is oily, it would be power steering fluid.
If it is not oily, it is brake fluid.
Prices differs region to region and you need to check local conditions. If it is the power steering hose and you are not able to get replacement parts, you can get it reman by a hydraulic hose repair shop.
Wednesday, February 23rd, 2011 AT 8:41 PM