Save it in large plastic jug and you can take it to a local recycler. Some places let you put it out with your used motor oil on collection day and they collect it when they pick up your trash. Most municipalities have a program with companies that use the cooking oil for biodiesel in vehicles. The website earth911.com gives you places to take it.
There are many websites that have marketplaces devoted to buying/selling used cooking oil. You can always reuse the oil: as long as the food didn’t have a strong aftertaste, oil can be reused for cooking purposes; it can be used in the same way for machines oils for fixing squeaky joints, lubricating wheels, or any objected that is rusted; it can also be coating on surfaces to prevent rust, or put a coating of oil on a shovel in the winter to prevent snow from sticking to it. Contact your local recycling center to see if they accept used cooking oil.
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