I've been documenting oil pressures on my 60K 1989 L98 over the years. All readings are using the cluster which are not always 100% accurate vs. actual pressures. However, the posted results are using the same oil pressure sending unit and only AC PF454 filters.
5W30 Pennzoil Conventional: 12 lbs at 230 degrees F in drive, 45 lbs at 2000 in park
5W30 Mobil 1: 15 and 48
5W30 Penzoil Conventional High Mileage: 16 and 50
10W30 Penzoil Conventional: 15 and 45
10W40 Valvoline Conventional: 18 and 58
Pressure readings are higher than posted at lower temps. My favorite Chevy dealer said that it is common for a distributor driven oil pump like that used on a L98 to post 10-20 lbs of oil pressure readings at idle when hot (just before the fan kicks in). Starting in 1989, Chevy actually increased the cold crank time a few seconds in order for the L98 to build more oil pressure before firing up. I have not seen any measurable differences in MPG, even when using the thicker 10W40 oil.