Should peanut oil be stored in the fridge?
No. Peanut oil has a similar fat profile to that of sunflower, corn, and soybean oils, all of which do not require refrigeration after opening and are typically used for frying. Walnut and other edible nut-based oils more easily oxidize after exposure to air, light, or high temperatures. They are primarily used for their light, subtle flavors. Any oil will go rancid given enough time so unless you're using your peanut oil very infrequently, there is no need to store it in the refrigerator.