For about 2 cups of gravy:
- Place oil in frying pan over medium heat.
- Add flour, stirring constantly, allow to cook until slightly browned. (this creates a roux)
- Slowly add milk, stir constantly with whisk to remove any lumps.
- Add imitation bacon bits and continue to cook until gravy thickens.
- When thickened, remove from heat and stir in butter and add salt (or seasoning salt) and pepper to taste.
- Serve over biscuits.