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That would be the pinion seal. Is it dripping all over, or is it just a little wet or stained looking? If it's not dripping I would just live with it. It's pretty normal for pinion and axle shaft seals to weep a little.
_________________ 05CRD: GDE Hot ECU & TCM tunes, Provent, Cat filter, Facet lift pump, TransGo kit, Florida TC, Samcos, stainless brake lines, HDS thermostat, Renegade light bar, Bilstein adjustables, Al's Gen 4.5 Arms, 235/85-16 Duratracs, DTT rear, Elocker front, EVIC+TPMS, Turbo timer, McNally pillar gauges, Weeks Stage II kit.
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