If Pure Olive Oil is supposed to be used many of those using Consecrated Olive Oil are doing it wrong.
Many of the brands in stores are blends. Rapeseed/Canola oil, Sunflower oil and others are used to blend and still labeled Extra Virgin or Virgin Olive Oil. Check carefully that you are using actual 100% Olive Oil. California Olive Ranch is one of the pure oils, not a blend. If you do some searching online you can find the California Olive Oil Council webpage which will give more information on the subject. Yes, it is California Oil specific but the information is good and will help in choosing Pure oil for your use - consecration or cooking.
Pure Olive Oil is also much better for cooking, salads, dipping bread and the like. Some excellent flavor in various oils, depending on where they are grown. One sure sign you are not using the higher quality pure oil is that it comes in a clear bottle or container - Olive Oil degrades in light which is why it is usually put into dark bottles. And no, no refrigeration needed.
For some who will say it does not matter. If it does not, why is pure oil specified?