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Preheat oven to 350°F. Line two 12-count muffin pans with cupcake liners.
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In a large bowl, beat the butter, oil and granulated sugar together until light and fluffy, about 2 minutes.
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Beat in the eggs one at a time, then the vanilla, until fully incorporated.
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In a separate bowl, whisk together the flour, baking powder and salt.
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Alternate adding the dry ingredients and buttermilk to the butter mixture in three additions, mixing just until combined after each.
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Divide the batter evenly between the prepared cupcake liners, filling them about 3/4 full.
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Bake for 18-20 minutes, until a toothpick inserted in the center comes out clean or with just a few moist crumbs.
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Allow cupcakes to cool in pans for 10 minutes, then transfer to a wire rack to cool completely.