"Prolonged consumption of the repeatedly heated oil has been shown to increase blood pressure and total cholesterol, cause vascular inflammation as well as vascular changes which predispose to atherosclerosis."
When I was a teenager, I worked in fast food where there was a deep fryer, and the policy of the restaurant was to use the oil until it turned a deep brown (or customers complained). Believe me, that oil was reheated dozens of times. I can only imagine what it's like in a chip factory.
On the other hand, if you're just putting it in a salad dressing, the effects might be different, and there actually seems to be relatively few studies on this topic.
Anyway, this is definitely not the whole picture, but something to think about.