Spicy Molasses Doughnuts

2 cups sifted flour
2 tsp. baking powder
1/2 tsp. baking soda
1 tsp. salt
1 tsp. cinnamon
1 tsp. ginger
1/2 tsp. cloves
1 egg
2/3 cup milk
1/4 cup vegetable oil
1/2 cup unsulphured molasses

Sift dry ingredients together. Add egg, milk, vegetable oil and molasses all at once; mix well. Pour vegetable oil 2 inches deep in skillet and heat to 365 degrees. Drop in batter by teaspoonfuls; fry 2 minutes turning once. Drain on absorbent paper; roll in granulated sugar, cinnamon-sugar mixture or sprinkle with confectioners' sugar.