How much fuel do you have in the tank? In case the gauge is different than before the fuel pump replacement, make sure you have 1/2 tank of gas reading on the fuel gauge.
At this point, the only thing that would make for low PSI at the schrader valve would be a plugged fuel filter, a bad pump or low voltage going to the pump. Is your battery fully charged? Try putting a jumper start on the battery and see it the fuel pressure comes up.
Check the battery with a load type tester. AutoZone will do it for you. I had a similar problem when my battery was going bad. Cranked over great, but the starter was taking all the juice and nothing was left for the fuel pump.
Did you put the pump in yourself or have the dealer do it. It's possible the fuel filter could be on backwards which might clog it up. (The filter has little arrows on it to indicate the direction of fuel flow) The pump should be under warranty, but that doesn’t cover labor cost.
If jumping the battery doesn’t help, I would replace the fuel filter, as they are not a high dollar item and not that hard to replace. If that doesn’t help then no doubt it’s the fuel pump.
However, before replacing the pump, disconnect the fuel pump wire connector at the gas tank, apply a 12v supply to the red fuel pump test wire and leave it there while checking for current on the 12v feed wire in the wire connector at the gas tank. (On my 95 the 12v feed wire going to the tank is gray) Test the current with a voltmeter, while using the ground wire in the connector for a ground. It should read 12.5v or something a little more than 12v.
If you don’t have at least 12v on the Gray wire try using a different ground. If you have 12v, make sure the wire connector at the gas tank is making a good connection to the fuel pump wire connector.
If you have 12v+ and the pump still doesn't put out 60+ PSI, the pump is toast and needs replaced. (Make sure the battery has 12V+ when doing this test)
If you need to replace the pump, get a Bosch, Delco or Delphi – in that order. The rest are junk, which is probably what you got from the dealer, as they often use after market replacement parts. Here’s a link for a good price on a Delphi fuel pump, but also check out the on-line prices at AutoZone and O’Reilly’s.
http://store.getgmparts.com/index.html
Good luck and let us know what you find, as it will help others.
Oh yeah, Welcome to the world of used S-10’s and S-15’s. Once they get 10 years old they become very high maintenance pieces of crap.