....I need to know if this is a serious issue. On startup, my oil pressure jumps up to around 100 psi. Once the engine is warm, it settles to right around 30 psi and when I get in gear, it huddles around 50 or 60 psi.

Now I do have a small oil leak in the car, but it is just oil. The other issue is that I check the oil every time I drive and it always checks out ok, so since my last oil change, about 1200 miles ago, I have not had to add any oil. I have also noticed a couple of times the last two weeks a strong smell of burning oil around my car.

Does it sound like I have a serious problem?? I almost never get on it very often any more, so I would not think I would burn through too much oil, but with the small leak I would figure that I would need to.

Any ideas??

 

All that sounds normal. Are you sure it's burning oil and not running rich? If it's burning oil, is it coming from the tailpipe or from the engine bay?

 

...I am not really sure....all I know is that driving it around town and parking it for say 30 minutes when I come back I get a real strong oil smell around the car.

 

My guess would be you have an oil leak from the oil return or supply lines to/from the turbo's and every so often it hits the turbo, precat(downpipe) or Cat making the smell of burning oil. I have an occasional drop of transmission oil hit my cat and produce a pretty nasty smell. Your consumption doesn't seem out of sorts, if you don't require oil at 2000-2500 then I would start to watch it on a weekly basis and check your trouble codes for metering pump problems. Good luck be with you.