First, check the oil pressure with a second gauge and use a mechanical gauge to eliminate both the stock gauge and sender. If it does the same thing, then you may have a problem with the engine oiling system.
If the second gauge does not fluctuate, then check the sender with an ohm meter with the engine idling. If the resistance varies significantly but in a cyclical manner, change the sender. if the sender is ok, replace the gauge.
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Hib Halverson
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