The present invention describes a formulation and dispensing methodology for liquid spice that can be used as a volume-for-volume replacement for traditional herbs and spices with a flavor true to the fresh herb or spice. This formulation gives a product free of microbiological contamination without the need for chemical or radiation-based disinfection. The formulation uses a natural-product extraction of fresh or dried herbs or spices, diluted with carriers such as a nutritive oil, ethanol, propylene glycol, or water (or a combination or combinations of the above). The resulting solution can either be used as-is or filtered to provide optimum clarity. The resulting concentration of the flavor component in the carrier is standardized to provide a flavor comparable to a fresh or dried herb or spice. The present invention further provides for convenient delivery of the formulated liquid spice to displace traditional measuring practices.