Bourbon and Brown Sugar Barbecue Sauce

• 1 cup ketchup
• 1/2 cup bourbon (can substitute rum)
• 3 tablespoons brown sugar
• 3 tablespoons mild (light) molasses
• 3 tablespoons apple cider vinegar
• 2 tablespoons Worcestershire sauce
• 1 tablespoon soy sauce
• 1 tablespoon yellow mustard
• 11/2 teaspoons liquid smoke or 1 tablespoon smoked paprika
• 1 teaspoon onion powder
• 1 teaspoon garlic powder
• 1/2 teaspoon dried crushed red pepper or 1 teaspoon hot sauce
• 1/2 teaspoon freshly ground black pepper

Directions

1. Bring all ingredients to boil in saucepan over medium heat, stirring occasionally. Reduce heat; simmer until sauce is reduced to 2 cups, stirring often, about 10 minutes.
2. DO AHEAD: Can be made 2 weeks ahead. Cover; chill. Use at room temperature.