One thing that was not mentioned during the entire discussion was "Is it recommended to drive?" My drive to work is around 6 miles. I also noticed that a constant "gauge noise" coming from the dash. You know the noise the gauges make when changing values.
Also I did find this, Danthurs, in another post about connections being dirty. I copied and pasted the reply the same issue from another forum.
Reply or answer from another forum, Link: 2000 Bonneville oil pressure too high - Car Dealer Forums
"My first guess would be the sending unit but I would test it. It should
work with a resistance to grnd. If it is shorting directly to grnd your
gauge would read high. Check the dc voltage between pos 12 vdc from the
battery & the ground leg going to the gauge. (Check on sending unit) If this
reads approx 12 vdc the gauge should be reading correctly. Check with the
engine off and wires disconnected also, if it reads 12 vdc the sending unit
is bad. There are 2 legs on the sending unit as I recall. One should close
an interlock relay allowing the fuel pump to come on after they system build
6 psi or so. This leg should show 12 vdc after required pressure builds.
Make sure these 2 wires aren't shorted together. Also could have a blocked
filter not allowing a good flow and causing a 100% grnd on the sending unit.
If this is the case you should hear the lifters chattering. See if it takes
a sec for the pressure gauge to drop after stopping the engine. Try changing
the oil filter, & oil if dirty. This is my interpretation without having any
prints on electrical system. Hopefully this will help."
I know for a fact that this would probable cause a false reading if the contacts are dirty. Also I will have my macanic do a Dyo on my PSI directly. Hope this helps everyone and thank you Danthurs for your help!