Power Loss, Water in Fuel Light

[pilotohio3]

Need help here. Truck is a 2000 F-350 DRW, 6 speed, 106,000 on the clock.

Recently I was just cruising though town, not driving hard or anything and the water in fuel light comes on, and truck loses power. Can shift through first, climbs RPMs much slower, and is almost flat in 2nd, almost no power at all, with each gear getting worse (it would be almost impossible to hit my top gear in this state). When the light came on there were no abnormal noises, Ive drained the fuel bowl (3 times), swapped the filter, added some fuel conditioner, truck idles fine, does not spool all the way up, but im not entirely sure the light has anything to do with the loss of power, and is a seperate incident. I have a few ideas as to what it is, all of them expensive, but I want to hear what you guys think. Thanks

PO3

[redstroker_2002]

maybe try getting fresh fuel in it!

[pilotohio3]

It has some new fuel in it, and I think that may be the cause of the light (crappy fuel), but not the power loss, unless possibly its defueling? I dont know? Thanks though

[powernoje]

Just curious if you found the cause? I am currently experiencing a similar problem..