If you live in any of the northern states you would be well served to use 5w30 in the cold winter months to avoid prolonged periods of oil starvation at engine startup. This alone will eliminate a significant amount of unnecessary engine wear.
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In the summer months, a 5w30 motor oil is probably still sufficient ... However, you may see less oil consumption if you move to a 10w30 petroleum motor oil during the summer months.
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In addition, if you own an older vehicle in which the engine tolerances might be a little more sloppy than they used to be, a 10w30 or 10w40 motor oil might not hurt. I'm not sure I would recommend running a 10w40 motor oil in any newer vehicle unless the owner's manual specifically indicates that 10w40 is an acceptable weight ...