If your car has lost several miles per gallon of fuel economy and the usual tune up steps do not improve it. This *is not* a pointer to O2 failure, it just brings up the possibility. Vacuum leaks and ignition problems are common fuel economy destroyers. As mentioned by others, the on board computer may also set one of several failure "codes". If the computer has issued a code pertaining to the O2 sensor, the sensor and it's wiring should be tested. Usually when the sensor is bad, the engine will show some loss of power, and will not seem to respond quickly