The objectives of this study were to evaluate sensory, chemical, and physical characteristics of olive oil prepared by three flavoring methods and analyze changes during storage (0, 3, and 6 months). Favored olive oil was prepared by three flavoring methods (fresh, dried, and essential oil). Selected sensory, chemical, and color parameters were monitored based on international standards. The color was determined by spectrophotometer. The results confirmed that storage time and flavoring method affect sensory characteristics of the oil. Fresh garlic oil had significantly lower (p <.05) fruity smell. The level of pungent taste significantly increased (p <.05) in the dried rosemary oil, rosemary essential oil, and fresh and dried garlic flavored oils. The intensity of rosemary smell in the sample flavored with essential oil significantly decreased (p <.05) during storage. Opposite effect was observed in the sample flavored with dried rosemary, where the smell significantly increased (p <.05) during storage. The intensity of taste significantly increased (p <.05) in samples flavored by dried rosemary during storage. The peroxide value of all flavored oils samples increased (p <.05) during storage compared to unflavored oil where peroxide value did not change. Color indicators L*, a*, and b* show that addition of fresh rosemary causes the greatest change in olive oil color. The color change, especially the turbidity, was not perceived positive by tasters. [ABSTRACT FROM AUTHOR]