Several things could cause this, loss of spark, low or no fuel pressure, sensor issues. However, when I think back, I remember replacing several EEC relays. The EEC relay stands for Electronic Engine Control. It is located under the hood in the relay box on the left side toward the rear of the fender. Just for the heck of it, remove that relay and match it with one (same part number) from a different circuit. Switch them and see if the problem goes away. If it does, replace the bad relay.
Let me know what you find. Also, it's been several years since I worked on an 81, so I hope I'm correct as to the relay box location. If I'm not, it will be under the hood on one of the inner fenders.
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Wednesday, June 11th, 2014 AT 6:32 PM