CEO of NYC supermarket chain reveals when Americans see relief from high grocery prices
John Catsimatidis, chairman and CEO of United Refining Company and Red Apple Group, will speak of mutual tariffs and generate upcoming mayoral elections in the country and in the New York City.
The CEOs of two New York City-based supermarket chains said on Monday that a drop in grocery prices could come to Fox Business to store shelves nearby.
“Egg prices will drop significantly and food prices will start to fall in the next three months,” predicted Business Magnate John Catsimatidis, owner and leader of Gristedes and D’Agostino grocery chains. “Morning with Maria.”
His sunny forecast comes as both of his Manhattan-based chains have already begun to cut prices.
Who is stuck on a tariff bill on imported Canadian oil?
Woman shopping for grocery items in Brooklyn, New York on September 15th, 2023. (Photo by Paola Chapdelaine for the Washington Post by Getty Images/Getty Images)
The billionaire is also a prominent figure in the energy industry, but believes that crude oil prices could fall from $55 to $65 per barrel over the next three to six months.
If Canada elects a more conservative government in future elections, it could also be willing to secure a pipeline deal with President Donald Trump. Activate the sectoradded the CEO of United Refinery Company.
“The Conservatives want to do business with President Trump and do something fair to both sides. Gas pipeline? Absolutely… I’m predicting we’re going to do an oil pipeline because it’s a chance.”
Patrick de Haan, Gasbuddy director of Patroleum Analysis, is giving him his outlook for 2025, with President Donald Trump set to take over “Wall Street in Maria Baltiromo.”
“If you have Conservative Government in CanadaAnd you are President Trump in charge. Lee Zeldin (as Secretary) EPA… I was there when President Trump told Lee Zeldin.
Catsimatidis believes the low prices on store shelves are “sticking” because it can potentially impact fossil fuels.
“Oil prices will fall. Diesel prices will fall. Then factories and transportation. Supermarkets. Diesel prices () will fall. Their costs will fall,” he pointed out.