I got my 360 running but it looks like steam is coming from under my distibuter cap any ideas.

 

Could be some oil that ran down the bell housing or a bad seal on the distributor plate. Let it go for a little bit and just check all your fluids if there is only a small amount. If not it could be a bad intake gasket/valve cover gasket.

 

Wouldn't be steam from fluid under the disty cap. The D wouldn't run if it were wet there.

IndyDurango

 

I think he means the intake manifold. But if it is the cap it's self then your right. The electrical current would ground the distributor out.