Panel problems

04z71

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Hey everybody,
Im new on here and I know there are probably plenty of threads out there that address all of my problems(I'm sorry). Ok to start with I have a 2004 Chevy z71 silverado with 160,000 miles on it. I have had nothing but problems since I reached about 120,000 miles. My 4 wheel drive has been jacked up ever since then. It randomly drops into 4lo and I have to restart the truck to get it out. A lot of the times the 4 wheel drive has a red light next to neutral on the panel. Normally I can't even press the 4 wheel drive button and it work.

Ok onto my next agenda,
Today I started my truck while leaving work and my oil gauge is tacked out to the right(well passed 80psi) and when I turn the truck off it sits at 80 psi. Not sure what the deal is I have read sending unit and stepper motor. Also previously my gas gauge was inaccurate on a daily. It would say low fuel and I would drive it for a couple more days on low nd go fill up and it would only take 16-18 gallons. I figured my float was just stuck in the tank or something. Not my main concern here.
I would appreciate any feedback and help and once again I'm sorry if there are many threads like mine.
 
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