Extra virgin olive oil (Coratina olives), hot chili peppers 3%. Conservation: Unlike wine, olive oil does not improve with age. It begins to alter as soon as it is produced and can become completely oxidized in just a few months if it is not stored in ideal conditions. It needs to be consumed rapidly for its full benefits to be enjoyed. To get the freshest oil on the market, choose one from the latest harvest, in a dark glass bottle. Avoid keeping the oil on the counter, exposed to light, and near the stove or other heat sources. Instead, store it in a cool, dry place. Close the bottle tightly after use to avoid exposing the oil to air, and consume within three months of opening.