• Preheat oven to 325 degrees F.
• Spray bundt pan with baking spray that has flour in it.
• In a large mixing bowl, cream butter and sugars for 4 minutes.
• Add oil, eggs, and vanilla beating again for 5 minutes.
• Combine flour, baking powder and salt. Add flour alternately with milk until it is all incorporated.
• Pour batter in prepared bundt pan and bake for about an hour and 15 minutes. Cake is done when toothpick comes out clean.
• Invert cake onto cooling rack. Cool completely and then drizzle frosting.

Caramel Frosting

• In a sauce pan over medium heat, melt butter.
• Add in heavy cream and brown sugar and stir mixture until it begins to boil.
• Remove immediately from heat and add in 1 cup powdered sugar.
• Cool slightly and add in vanilla and remaining 1 cup of powdered sugar.
• Add in more milk if needed to thin frosting or more powdered sugar to get it thicker.
• Drizzle over cooled cake.