1. Preheat your oven to 350 degrees Fahrenheit.
2. In a large bowl, blend together sugar and oil, blend in eggs.
3. In another bowl, mix cinnamon, nutmeg and flour until combined.
4. Slowly blend it in sugar mixture to the flour, stirring while combining.
5. Add water and pumpkin into the mixture until a smooth batter has formed. Pour in walnuts, if adding them to your loaf.
6. Spray 3 loaf pans and pour batter into pans, filling no more than ¾ full.
7. Bake for 45-60 minutes, checking occasionally after 4 minutes with a toothpick in the center. If you used walnuts in your recipe, additional time could be needed.
8. Once done, pull out of oven and let cool for 15 minutes before slicing.
9. Enjoy.