Step 1

First, combine the broth and water and warm them on the stove or in a microwave (they don't need to be hot, just not cold). Set aside.

Step 2

In a heavy-bottom saucepan, whisk together the flour, nutritional yeast, and thyme. Place the pan over medium-low heat, and while whisking, drizzle in the olive oil. Whisk until smooth, and then continue to whisk and cook for about 30 seconds or until glossy and hot.

Step 3

Add the salt and pepper. While whisking, slowly pour in the broth and water. The gravy may look clumpy for a moment but will smooth out as you continue to whisk. Keep stirring and cook until hot and thickened, 2-3 minutes. Taste for seasoning.

Step 4

Serve hot or allow to cool completely before storing in the refrigerator.