it may be the oil pressure sender located on the engine
No, warn engine parts will cause loss of oil pressure as the engine warms up, due to expansion betweeen moving parts. Hot oil is thinner.
The BEST oil level reading is obtained on flat level ground, with the engine and oil still cool. As oil warms up, it expands, and can travel further up the dipstick. This could provide an inaccurate reading, since there would be slightly less oil in the engine than stated.
yes Engine is wearing out.
1 reason might b worn bearings
if i remember correctly when you first crank the engine the oil pressure should be around 60psi. after it warms up about 40psi.
When the engine is cold, all the parts are tight. Meaning, the bearings, rods, and all have less gap. The oil is also thick. As the engine warms, the oil also warms making it lighter or more fluid. If the main bearings have too much gap, then with the warmer oil the oil flow will increase which in turn will lower the oil pressure. It would not be abnormal to start out with 50 or 60 lbs then have it reduced to 20 lbs at idle. Although the pressure would increase to around the 50 lbs. mark as the engine rev's up. If the oil pressure goes down to say 10 lbs, even at high rev's, then have the pressure checked with a mechanical gauge to confirm the reading and if so, well, time for a rebuild. Low oil pressure will not reach the outer parts of the engine and will eventually cause a lot of damage.
Oil gets thinner when its hot. Use a slightly higher viscosity.
Bad oil pressure sending unit? Try replacing with a mechanical gauge Excessive engine wear? Do a compression test
Bi-metallic choke coil. pulls the choke open as the engine warms up.
could be bad mounts on either the tranny or engine?
A bad oil pump will casue no oil pressure and/or a bad oil filter Answer #2: If the oil pressure is up when the engine is cold but drops after the engine warms a bit, the bearings are worn and the oil pump is not engineered to pump enough volume to keep the pressure up once the bearing tolerances get that worn. Try using a heavier grade oil. If you have been using a 5 W 15 oil, go to a 10 W 30. If you've been using 10 W 30 try a 15 W 40. If that doesn't work try an oil thickener. You might be able to squeeze a little more service out of a failing engine if you have a thicker weight oil. If the oil pressure is up when the oil is cool, it's not the oil pump. pressure sending unit
If the main and/or rod bearings are worn, the oil pressure can't be maintained after the oil warms up and thins out. You might be able to get a little more life out of the engine by switching to a heavier weight engine oil. It is possible also that just the oil pump has worn and can't produce enough pressure at idle. Very often, though, if the pump is worn, so are the bearings, and vice-versa.