Recently had the oil pressure gauge drop to '0' while driving.

A 'DING' from the dash, the info center said 'Check Gauges' and a small red light lit up below the fuel gauge that said 'Check Gages'. Yes, they were spelled different.

Stopped, checked things, rolled the window down and CAREFULLY drove home with ears wide open. Sending unit problem was the diagnosis.
Finally went and got a replacement sender unit. KInda small for a gauge output... in my opinion.

Just to verify the wiring and gauge itself was OK, I 'shorted' the wire off the sending unit to the block. I was alone, so I took a video to review the test results. Its 15 seconds, check it out.
https://youtu.be/gKG1tlaPjJoI was a little puzzled.... normally grounding the wire would put the gauge full scale. This did not. You can see the jump to ~2/3 scale when wire was grounded. Wire off, and the gauge drops to 0, 'ding' from dash, and red light comes on.
The oil gauge has ALWAYS read at that spot. Does now again.
That gauge is NOT what I thought it was. It will never show me 7/8 scale, 1/4 scale or any other reading but 0 and 2/3. Its an idiots gauge. Works like an idiot light, but with more 'bells and whistles'.

How idiotic. It fooled me, however. I had been pleased that Ford gave me both a temperature gauge AND an oil pressure gauge. Nope. They saved a few bucks and gave us an idiot gauge. Not that big a deal, I think I am 20% irritated that its not a 'real' gauge, and 75% irritated it fooled me this long.

(5% thinking to myself 'You spent HOW much time to post this?!?

)
Thought this was of passing interest. Not sure if this applies to the 2008 and later chassis, mine is a 2006.