Preheat oven to 400 degrees and place a wire rack over a baking sheet. In a large bowl, toss chicken wings with oil and season with garlic powder, salt, and pepper. Transfer to buttered baking sheet.
Bake until chicken is golden and skin is crispy, approx 50 minutes, flipping the wings halfway through.
In a small saucepan, whisk together hot sauce and honey. Bring to simmer then stir in butter. Cook until butter is melted, 1-2 minutes. Put broiler on low. Transfer baked wings to bowl and toss with buffalo sauce until completely coated. Return wings to rack and broil, until sauce caramelizes (about 3 minutes).