Does it make a big difference in taste? Also, do you use unsalted or salted?
I always use grapeseed oil in everything I bake, except cookies (I use unsalted butter in them). A local gourmet cooking shop converted me- it's supposed to be healthier than veggie or corn oil, and it doesn't have the heaviness and strong flavor that olive oil would give you. My cakes always rise nice and high, and they taste very rich and moist. It's a noticable difference to me from when I used to use regular veggie oil.
Do you melt the butter or just let it sit out to soften? Is it the same measurement, like for 1/3 cup of oil you would use 1/3 cup butter?
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