Really Easy Barbecue Sauce

2-1/2 cups ketchup

2/3 cup white vinegar

1/2 cup dark molasses

1/2 cup plus 2 Tbsp honey

1 tsp. salt

1 tsp. Worcestershire sauce

1/2 tsp onion powder

1/2 tsp. chili powder

1/2 tsp. liquid smoke

Combine all ingredients in large sauce pan. Bring to boil; reduce heat; simmer uncovered for 30 min. I make large batches of this and put it in small containers and freeze it. We love this sauce to dip our hamburgers in and it's also good on any other meat.