Heat oil in a small saucepan over medium heat. Add garlic; saute 2 minutes. Stir in chile powder. Add water, stirring with a wire whisk until blended. Remove from heat. Strain the mixture through a fine sieve into a small bowl; discard solids. Chill at least 1 hour.
Per serving: 138 Calories; 10g Fat (51% calories from fat); 4g Protein; 17g Carbohydrate; 0mg Cholesterol; 306mg Sodium