Most of us here have a serious interest in our cars and the oil that we put in our engines.
Synthetic labeled oils do usually offer superior measurable characteristics (NOACK, MRV, CCV) and are the premium offerings from any blender therefore containing the best add packs.
While none of this may matter for most of the engines we have, if you can use one of these premium oils for no more than and often less than that jug of ST from Walmart, why wouldn't you?
With a little searching and a little planning, anyone can use a synthetic oil for around two bucks a quart.
This being the case, then why not?
With newer cars, synthetic may be a de facto requirement, since 0W-20 and 0W-40 conventional oils meeting current gasser specs don't exist.
The greater cost of these oil is offset by the long drain intervals typically recommended for these engines.
In short, synthetic is a de facto requirement for many engines and can be an inexpensive alternative for all others.
Having said all of the above, I've seen too many engines that were run well beyond 200K on nothing but conventional to believe that a synthetic oil is vital to engine longevity.