Caramelized Onion Dip

Caramelized Onion Dip was pinched from <a href="http://www.kailleyskitchen.com/2013/11/15/caramelized-onion-dip/" target="_blank">www.kailleyskitchen.com.</a>
INGREDIENTS
2 large yellow onions
4 Tablespoons (1/2 stick) butter
1/4 cup canola oil
1/2 teaspoon ground cayenne pepper
1 teaspoon salt
1/2 teaspoon sugar
1/2 teaspoon freshly ground black pepper
1 clove garlic, minced
1/8 teaspoon onion powder
4 ounces (1/2 brick) cream cheese, softened
1/2 cup sour cream
1/2 cup mayonnaise
Chips for dipping!
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