No. The oil all mixes. The very oldest oil will still be there in small quantities even after your last topoff. The oldest oil will never completely leave. It does not burn out starting at the oldest and working toward the newest. Instead, it all mixes together. It is like when I was a chef. If you mix old food with new food, then the entire container is only as new as the oldest food in it. Likewise, your total oil makeup will only be as new as the very oldest oil in it, which could be years old.