Tony Roma's Blue Ridge Smoky BBQ Sauce

1 cup ketchup
1 cup red wine vinegar
1/2 cup brown sugar
1/4 cup molasses
1 1/2 teaspoons Liquid Smoke
1/2 teaspoon salt
Rounded 1/4 teaspoon black pepper
1/4 teaspoon garlic powder
1/4 teaspoon onion powder

Combine all of the ingredients in a medium saucepan over high heat, and whisk until smooth.

Bring sauce to a boil, then reduce heat and simmer uncovered for 30-40 minutes or until sauce has thickened.

Use on pork spareribs.