Why is liquid dripping from the tailpipe? on 2002 Chevrolet Trailblazer

It was accompanied by slightly visible exhaust while it's 65 degrees. The end of the tailpipe is also black, like it was charred.

Asked by for the 2002 Chevrolet Trailblazer
So is everybody else's .. Substance is condensation + hydrocarbons = Normal operation!