One 6-ounce can tomato paste
1/2 Cup light corn syrup
1/2 Cup white vinegar
1/4 Cup water
1 Tablespoon sugar
1 Teaspoon salt
1/4 Teaspoon onion powder
1/8 Teaspoon garlic powder

Combine all ingredients in a medium saucepan over medium heat. Whisk until smooth. When mixture comes to a boil, reduce heat and simmer for 20 minutes, stirring often. Remove pan from heat and cover until cool. Chill and store in a covered container.