Transcript: Sunoco chairman Ray Washburne on "Face the Nation with Margaret Brennan," Sept. 6, 2026
The following is the transcript of the interview with Sunoco chairman Ray Washburne, Republican midterm election chair, that aired on "Face the Nation with Margaret Brennan" on Sept. 6, 2026.
Republican midterm election chair and Sunoco chairman Ray Washburne appeared on Face the Nation with Margaret Brennan on September 6, 2026. The Republican midterm convention, the first of its kind, was taking place in Dallas, Texas. Lawmakers were being asked to pay $25,000 to attend, with vulnerable ones exempted. Washburne stated that the convention would provide valuable networking opportunities for candidates, with high-profile donors and administration officials in attendance.
Former Texas AG Ken Paxton, a Republican candidate for Senate, was being heavily promoted by Trump, who announced a $10 million contribution to his campaign. Sunoco, the largest reseller of refined fuels, was experiencing relatively steady demand despite gasoline prices being 20% higher than last Labor Day. Despite the higher gas prices, consumers continued to fill their tanks without significant demand destruction.
Washburne expressed optimism about the future of the gasoline market, anticipating a potential drop in oil prices to $40 or $50 per barrel following the end of the Iran war.
Written by urgent.news from CBS News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
