Ingredients

2-1/2 cups ketchup2/3 cup white vinegar2/3 cup honey1/2 cup molasses2 to 3 tablespoons hot pepper sauce1 teaspoon chili powder1 teaspoon salt1 teaspoon Worcestershire sauce1/2 teaspoon onion powder1/2 to 1 teaspoon liquid smoke, optional

Preparation

In a large saucepan, combine all ingredients; bring to a boil. Reduce heat; simmer, uncovered, 30 minutes, stirring occasionally.