Love and Olive Oil

Chocolate Peanut Butter Hot Fudge Sauce

Reese's Peanut Butter Fudge Sauce

Who says you can’t have ice cream in January?

Certainly not me.

Put on some mittens if you have too, but once you make this chocolate peanut butter hot fudge sauce you’re going to want to eat ice cream every night.

Chocolate Peanut Butter Hot Fudge Sauce

This recipe is adapted from my grandma Bettie’s fudge sauce recipe, which is probably a bit different than what you’re used to seeing around, but the result is entirely like the classic fudge sauce you’re used to tasting. Since there’s no cream, it’s less perishable, and thus great for gifting (make a triple batch, package them in some pretty jars, and give it to your girlfriends for Christmas or Valentine’s day.)

We also did a maple version that is to die for – but you’re going to have to buy the book to get that recipe.

The key to keeping this sauce smooth and not grainy is cooling it slowly. Resist any urge you may have to pop it in the fridge to speed-chill it. I can guarantee you’ll end up with a grainy mess. Instead, let it cool to room temperature on its own, stirring it every few minutes as it does.

Chocolate Peanut Butter Hot Fudge Sauce

The result is a classic hot fudge sauce, thick and chocolatey and laced with peanut butter. Like liquid Reese’s.

I’ll admit that this, along with the liquid birthday cake I posted last week are as close as I’ll ever get to a liquid diet. Juice cleanse? Yeah right. A hot fudge cleanse is more my style.

Chocolate Peanut Butter Fudge Sauce

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1 cup granulated sugar
1/3 cup cocoa powder
2 tablespoons flour
1/4 teaspoon salt
1 cup boiling water
1/4 cup light corn syrup
1/2 cup creamy peanut butter
1 teaspoon vanilla


Sift together sugar, cocoa powder, flour, and salt in a medium saucepan. Slowly whisk in boiling water until smooth, followed by corn syrup and peanut butter. Bring to a boil over medium heat, whisking occasionally; simmer for 5 to 7 minutes, or until thickened slightly and reduced by half.

Remove from heat and transfer to a heatproof bowl; stir in vanilla. Let cool to room temperature, stirring occasionally, about 20 minutes (don’t refrigerate the sauce before it has completely cooled or it may become grainy).

When completely cooled, transfer sauce to a glass jar or airtight container and refrigerate for up to 2 weeks. Warm gently in the microwave before serving.

All images and text © / Love & Olive Oil

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  1. Sounds delicious! Love how your picture is all about the chocolate sauce! Think I’ll make this for my daughter tonight. I have Droste, Cacao Barry (extra brut) Bensdorp and Hershey’s on hand. What cocoa powder did you use?

  2. Have you tried it with Nutella? I have a recipe that makes Nutella mocha fudge sauce & it’s amazing. This might be tasty that way too! How would you add the mocha? Hmmm.

    • Not yet but someone suggested in the comments above and I’ve been thinking about it! As far as coffee – I might try a teaspoon or so of espresso powder? That would add the coffee flavor without affecting the consistency. It’d also be easy to replace the boiling water with straight up coffee.

      Let me know if you give it a try!

  3. I just made a fresh batch of ice cream, I might need to make a fresh batch of this sauce to go with it… Love the recipe!

  4. I grew up on the chocolate version of this syrup. My mom kept it in jars in the fridge. But without the flour. It’s not needed and I enjoy the texture more. Thanks for the pb addition!

  5. This is such a tease.

    a.) because it’s languidly oozing off of the ice cream in such a way that it’s practically shouting JUST LICK THE CONE, ALREADY!

    b.) because the cooling process involves patience, something which I possess in mere slivers.


  6. This sounds so incredible! Chocolate and peanut butter are meant to be together…

    I don’t eat corn syrup though. Any chance honey would work? Or will I be the first to try? :)

    • See if you can find golden syrup. Same consistency/properties as corn syrup but made from sugar cane. It won’t alter the flavor of the sauce like honey would.

  7. I made this tonight with Hershey’s special dark cocoa. Amazing!!! Can’t wait to make more for my family to try. Thank you for the recipe!

  8. You have officially solved my age old dilemma- now I don’t have to decide between peanut butter or chocolate! Genius!!!!

  9. I’m all about ice cream in January!! I always love hot fudge on my ice cream so I am definitely going to have to try this!

  10. Great picture! It makes me salivate just looking at it!

  11. with a sauce like that ill eat ice cream any time of year yum! xx. gigi.

  12. Oh my… now I need ice cream & fast!! Looks yummy!

  13. The fact I’m salivating and wanting to eat that by the spoonful doesn’t bode well for my diet… Looks incredible! Where did you get white cones??

  14. I had ice cream last night, which was unreal – but I think this addition would be the only way to improve upon that perfection :)

  15. This is right up my alley! I’ve seen a ton of juice cleanses floating around lately; definitely not my speed either. I could never, ever do it!

  16. I say ice cream all-year-round! I love ice cream! Peanut Butter and Chocolate is one of my favorite ice cream flavor combinations! This looks divine and perfect to top off the vanilla I have in the fridge from a local scoop shop!

  17. Divine, divine, divine. Ice-cream and chocolate sauce – there is nothing better. x

  18. Ooh, this fudge sauce looks absolutely scrumptious ! You’re right, who cares about dieting, this is so much better!

  19. The first thing I thought, after wiping the drool from my face that I wished was this chocolate sauce, was where did she get a white ice cream cone?!? I see now that it’s a bowl, and I WANT ONE. Everything about this post makes me jealous ;)

  20. This looks incredible and so easy! I will definitely add this on my list of recipes I have to make.

  21. You are making me very hungry!! I love Chocolate & PB too.

  22. Holy. Cow. Oh man, if it came with a straw I’d drink it…

  23. Oh my gosh! I wouldn’t need ice cream for this sauce, just a spoon! A big spoon!! Yum!

  24. This looks so good! The pictures had me practically salivating!

  25. Yum!! Chocolate sauce with peanut butter… this is in my future soon.

  26. I have everything I need in the cupboard, and a new half gallon of ice cream in the freezer. This could be dangerous…

  27. this looks like pure heaven to me…

  28. hehehe, a hot fudge cleanse. I love that line!!!

  29. uau beautiful photos¡¡

  30. Chocolate and peanut butter are the best combo ever. I adore this! Wow this looks great!

  31. Liquid Reese’s?! Yes, please!

  32. I definitely don’t even need ice cream for this. Grab.that.spoon.

    And GREAT pour/drizzle shots!

  33. Wait, you’re giving this stuff away?! How do I get on that list? :D This is one amazing idea!

  34. This looks so dreamy and creamy and perfect for drizzling over everything!

  35. looks amazing!

  36. Yum, yum! I take ice cream any time of the year, more often with this sauce on top.

  37. I want in on this hot fudge cleanse!

    chocolate and peanut butter will always be my favorite combination – this sounds fantastic!

  38. Oh my, that looks so thick and delicious. If I wanted to make this sans peanut butter would I just eliminate that ingredient or could it be replaced with something like Nutella?

  39. I don’t care what time of year it is, there’s always room for ice cream! And hot fudge is exactly what you put on it in the winter to warm it up! Yum :)

  40. Wow! This definitely goes into my bucket list…and yes, I’ll join you for an ice cream party in January!

  41. Ice cream is totally acceptable what ever the time of year especially when it’s topped with such a rich and luscious sauce!

  42. How fabulous! Can’t wait to make this… and eat it! LOL

  43. Can you hear me smacking my lips? Chocolate and peanut butter… one of the very best combos!!! This easy recipe will be so much fun to make… and have on hand. That is, if I don’t eat it all first!
    I hope you come over and share your scrumptious recipe with all of us at ON THE MENU MONDAY going on now! YUMMY!

  44. Okay, it took me about 5 minutes to realize that cone must be a bowl! At first I was thinking, white chocolate dipped?? Haha, silly. How do I sign up for your liquid diet?

  45. wow, just when I thought my new years resolution stood a chance, this comes along and blows it out of the water!!!!!

    not only does this look amazing & totally easy to make, but I am dyingg to substitute the pb with some NUTELLA!!

    great share :) xx

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