OK this started last night. Pretty much after i ran through a puddle. The oil level light started flickering so i pulled into a gas station and checked the oil and i've got enough. So i decided to keep an eye on it. First the light would flicker at low rpm's then go out. Now it's just on permanantly. This morning I checked the trans fluid (only thing i could think of that would be the cause). I added the fluid and the light stays on. Then i noticed that the oil pressure gauge started bouncing around. Anyone here know what could be the cause of this and how to fix it? I also noticed that when I hit a bump the light flickers. The car also started lacking power at low rpm's and when I shift into second the engine boggs down.

Check to make sure the Oil Gauge connector is in right. Its the little wire next to the Oil Filter.