1 1/4 cups ketchup
1/3 cup white vinegar
1/4 cup molasses
1/4 cup honey
1 t. hickory flavored liquid smoke
1/2 t. salt
1/4 t. onion powder
1/4 t. chili powder
Combine the ingredients in a small saucepan over medium heat.
Stir until ingredients are well combined and bring to a boil. Then reduce heat and simmer uncovered for 15-20 minutes.