Hi Eric.
One of the things I feel a bit unsettled about is how long my 236mL (8 fl oz) plastic bottle of Dykem will last if left to itself. I would be using it up very slowly. I have heard that Dykem deteriorates if you don't use it up, but I don't know how true that is. So what you say is from direct experience, for which I thank you. Perhaps other HM long-term users can let us know whether Dykem can have years of shelf life.
So far as I know, propyl alcohol will remain as propanol. Of course, suppliers will have "use by" dates, but most solvents have indefinite life if kept sealed. Perhaps not so when they are mixed up with other stuff. I think what perhaps happened to your Dykem started with the Butanol.
Here I speculate, trying to think it through. Note as
@homebrewed has explained how that ingredient can react with oxygen to form a peroxide. If that be hydrogen peroxide, then you have a powerful oxidizer that can bleach the colour out of dyes. I did wonder why one needs butanol in Dykem anyway, but likely "
HM Cynic of the Year" would say it's only purpose was to deliberately give the dye a limited shelf life, so you need to buy more.
You can try to put some ball-point blue into the dead Dykem. If what remains can still evaporate to leave a film, that's a way to keep it going until you use it all up. More likely, the zonked out Dykem is beyond redemption, and only deserves disposal by the
@homebrewed suggested "combustion"!