PB Blaster is a good penetrant for stuck fasteners, but not ideal for long term lubrication. You want to use something like white lithium grease, which will stay in place longer and not wash out/run all over the place.
If I have something stiff, I'll hit it with PB Blaster first, and work it loose. Then I'll hit it with WLG to keep it working. If it's working well, I just use WLG. PB Blaster just does't last as a lube.