Re: oil gauge pegging out
If the gauge pegs with "ignition on and engine off" either the sending unit is bad or you have an open wire to the sending unit. Hard to see on some engines, behind the distributor. If it pegs while engine is running, check the oil pressure with a hand held gauge. If oil pressure is normal most likely the sending unit bad. Hope this helps.
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04 Yukon XL 2500 w/ Quadrasteer 
61 Chevy C60, 261 inline six
86 Chevy C20 2wd, Banks 6.2
05 GMC Sierra 2500hd Duramax
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