Abstract Fatty acid methyl esters prepared from canola, palm, soybean, and sunflower oils by homogenous base-catalyzed methanolysis were stored for 12 months at three constant temperatures (− 15, 22, and 40 °C) and properties such as oxidative stability, acid value, kinematic viscosity, low temperature operability, and iodine value were periodically measured. Oxidative stability was significantly reduced upon extended storage and acid value as well as kinematic viscosity were increased by only small increments, with these effects more pronounced at elevated temperatures. Iodine value and low temperature operability were essentially unaffected by extended storage. Based on these findings, it is not recommended that acid value or kinematic viscosity be used as indicators of storage stability of biodiesel, nor is it recommended that iodine value be used as a predictor of oxidative stability or indicator of oxidative degradation.