Unfortunately, I just changed my oil and found that it was 2.5 quarts low. I change all of my own oil and I have never had this happen on my truck (62,000 miles now). This is the first oil change after my 5.3L threw a P0307 code. After checking the code and finding that it was a cylinder 7 misfire, I replaced the plug and the wire. What I found when I pulled the plug blew my mind...a cracked insulator on the plug electrode. What I didn't know was that this was a common problem with Chevy 5.3L motors that have AFM but was "supposed" to be fixed after 2011. I can assure you that it isn't fixed and now I am thinking about trading or selling and going Toyota so that this doesn't happen again. The real problem is that I am just outside the powertrain warranty so the $5,000 cost to rebuild the engine would be on me.
Update: 10/17/18
Called GM corporate and was given a case. The "Senior Service Representative" called me and discussed the issue. By the time I got off the phone, I realized that this was a losing battle. Despite the fact that I had the GM Service Bulletin #10-06-01-008M that called out my engine code specifically, she repeatedly told me that my VIN didn't pull up that bulletin. So I asked her, can you tell me my engine code based on my VIN, she couldn't. I told her that my engine code was listed in the bulletin and she just repeated that it didn't cover my VIN. When I asked her if she wanted a copy of the picture of my spark plug, she told me that she wouldn't know what she was looking at. In the end, I had to go see the Service Manager at my dealer and he laid out the scenarios for me. Since I reported the problem before the end of my powertrain warranty, GM might help pay for the repair but I have to get the dealer to do an oil consumption study. That study has to show that I burn 1 qt. every 750 miles or GM probably won't do anything. Since I am now out of my warranty, GM might cover 30% of the repair. Buyer beware...
Plug #7 after being replaced (10,000 miles on it)
Update 10/30/18
Called GM corporate back and the Senior Advisor informed me that indeed, the TSB listed above did apply to my vehicle. She made it clear that GM wanted to help me but that I would have to coordinate with the Service Manager at my dealership. So, I went to talk with him and he was very blunt about the situation. Basically, since my truck was out of warranty (despite me trying to get help while it was still in warranty) they might provide 30% on the repairs but I would have to do an oil consumption study first. If it wasn't burning one quart in 750 miles, GM would do nothing. The bottom line was that I was just screwed, however, the Service Manager told me that he would push to get me Customer Loyalty Cash and he did. They gave me $2,500 to trade and buy a new truck. I did just that and they sold my problem in 3 days because it was very clean, had brand new Michelins on it and it runs good despite the oil/rings/afm problem. Buyer beware!