What is Ray Washburne's assessment of inflation and affordability concerns ahead of the midterms?

Washburne stated that 'other than energy prices, inflation has been "pretty tame"' and downplayed affordability concerns, arguing that while housing costs have risen, 'a lot of people have benefited from that' due to increased home equity value.

What did Washburne say about gasoline prices and their trajectory?

Washburne claimed gasoline prices are 'on a downward trend' this fall now that peak demand has passed, though he declined to speculate whether they could fall below $3 a gallon—even as AAA reported the national average had reached a record $4.23 per gallon in September amid soaring fuel costs following the US invasion of Iran.

Republican Washburne Downplays Affordability Concerns

Sep 9, 2026

Sunoco Chairman Ray Washburne predicted declining gasoline prices this fall despite record highs amid Middle East tensions, downplaying inflation concerns ahead of the Republican convention. He highlighted economic growth while acknowledging energy costs remain a critical factor for voters.

bloomberg

2026-09-09

Republican Washburne Downplays Affordability Concerns

Republican Washburne Downplays Affordability Concerns

FAQ