If you're looking to dispose of it, could always add small amounts to the gas tank :P Wasn't it gary allen that did the ATF/MMO "testing" a while back...? :P Sure, it's not MEANT to burn, but it will but yea, we're talking maybe 1-2 oz. per 10 gallons...so that's a good amount of fill ups to use, say a quart of old P/S fluid :P
I personally would not use it...easier just to buy a new bottle...afaik, they put the "foil seal" (vacuum seal) on the brake fluid, and power steering bottles for a reason...
BTW, I found P/S fluid at my local dollar tree, for $1 - it's made my "SMB Superior Motoring Benefits" out of West Long Beach, NJ 07764
www.smbintllc.com
Kinda curious how it compares to the other $3 Prestone and SuperTech P/S fluid at walmart...all the bottle says is the regular "formulated to reduce power steering pump noise, helps prevents squeals, rust, corrosion, mixes with all power steering fluids, protects against wear, oxidation, and foaming. Keeps seals, hoses, and O-rings Pliable. Pours in sub-zero temperatures.
And
contains Paraffinic Petroleum Distillates CAS 64742-65-0...which from what I've heard/read, is the "base" to almost all power steering fluid(s)..