Caramelized Onion Dip a la Trader Joe’s

CARAMELIZED ONION DIP ALA TRADER JOE’S
This one’s truly addicting…so double, triple the recipe.  I love this served with pita chips.
Makes about 3 1/2 cups

3 cups chopped onions (white or yellow)
1 tablespoon butter
2 tablespoons olive oil
1/2 block (4 oz) regular cream cheese, softened
1/2 cup + 2 tablespoons sour cream
6 tablespoons mayonnaise
1/4 teaspoon cayenne pepper
1/2 teaspoon Kosher salt
1/2 teaspoon black pepper

In a large saucepan over high heat, saute onions in butter and oil for 10 minutes or until softened, stirring frequently.  Reduce heat to moderate and continue to cook, stirring occasionally, until onions turn brown or are caramelized, about 20 minutes.   Cool slightly, then coarsely chop the onions.

In a medium bowl and using an electric mixer, beat cream cheese, sour cream and mayonnaise until blended and smooth.   Stir in onions and season with cayenne pepper, salt and black pepper.  Cover and refrigerate until chilled.

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