Combine the above ingredients and mix well. Heat in a sauce pot on medium heat and bring to a boil stirring occasionally. Lower temperature and simmer for 15-20 minutes stirring to avoid scalding. Allow to cool.
This sauce is always better if you make it a day ahead of time. Store the sauce in the refrigerator for up to a month. If you are looking for a smokey flavored BBQ sauce you may add 1/2 tsp of liquid smoke per cup of sauce.