Less likely, but still possible, are issues with:
* Wiring: A short or break in the wiring between the sending unit and the gauge could cause erratic readings.
* Oil gauge itself: While less common, the gauge could be faulty.
* Low oil: While counterintuitive given the high reading, extremely low oil could cause the gauge to read incorrectly due to the pump struggling to build pressure. Check your oil level immediately.
Recommendation: Start by checking your oil level. If that's fine, the sending unit is the most likely culprit and relatively inexpensive and easy to replace. A mechanic can test the oil pressure directly to confirm if there's a real pressure problem before replacing parts unnecessarily.