It sounds like you need a new power steering rack, local mechanic was going to charge us about $700 which included the part, labor, allignmet(which needs to be done after it is replaced), and fluid..actually not that bad on the price...considereing. good luck
First you can refill power steering fluid to get steering back but then depending on how bad leak is the sooner the rack and pinion will need to be rebuilt or replaced.
Hi and welcome to FixYa!
If that's the case then the oil seals of the rack and pinion should be replaced. If the seals are worn out it tends to leak and can definitely feel a loss of power. If it still leaks even after the replacement then the rack and pinion should be replaced.
There are instances that after oil seal replacement it still leaks it's because that the rack and pinion has severe damage.
Hope this helps and thank you for using FixYa! Have a good one!
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