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The 2005 Ford F-150 requires Mercon ATF fluid for its power steering, with a capacity of 1.5 quarts. Power steering fluid plays a crucial role in the steering system by enhancing steering wheel movement and providing lubrication to protect system components. The typical cost for a power steering fluid flush ranges from $100 to $110, recommended every two years or after driving 75,000 to 100,000 miles. If the fluid level is low, air may enter the steering mechanism, causing squealing sounds when turning the wheel, indicating a need for fluid replacement.
Make sure to use Mercon V for the power steering fluid.
The suggested power steering fluid for a 2005 Ford F-150 is Motorcraft brand Mercon ATF power steering fluid.
Update to JR's message: According to my 2005 Owner's Manual, Mercon ATF, Ford Part # XT-2-QDX should be used for power steering, transfer case, and manual transmission. Mercon V is specifically recommended for automatic transmission.