Directions:

In a large saucepan, heat olive oil and saute onion and minced garlic over medium high heat. When tender, add ketchup, brown sugar, vinegar, soy sauce, hot pepper sauce, liquid smoke, Worcestershire sauce, chili powder, salt and pepper and bring to a boil, stirring occasionally.

Reduce heat to low; simmer, stirring occasionally, 30 minutes. Use immediately, or refrigerate for up to one month.