United Refining Chairman and CEO John Catsimatidis, who is also the billionaire owner and CEO of New York City supermarket chain Gristedes, weighs in on whether inflation could start to come down soon.
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45 Comments
Why is Fox news turning off the comments on some utube videos feeds I guess its so ppl can't voice there opinions. I guess ur channel is liberal democrat ran.
I saved 18 cents last year though!
Get it writing
Canada has problems with its oil and prices are not easing at all so interest rates must go up.
Oil prices will continue to fluctuate at high levels, awaiting the mid term election in US and the Israeli election in November. No deal between US and with Iran is expected if Netanyahu wins.
US should produce their own oil. Our oil reserves need to be refilled cause if we go to war with China we'd be in trouble without oil like Japan in WWII. If we cannot produce our own oil then we should import oil from Israel. Each gov should reach out to allies to import from them.
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Peak price?
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Venezuelans who fled to US warned us before Biden got installed cough elected that communist democrat, leftist, liberal, socialist virtue signaling hypocrite politicians would create hyperinflation, inflation, recession.
They basically said $24 for chicken is too much money better get a Big Mac for 8.00 instead.
Thank God I'm so rich it dont matter, I just hope there will be more of what I like on the shelf.
why haven't you covered the fuel & food plants that have been burnt down?
that's one of the reason why you have food shortages & inflation
Empire in free-fall 👋
Impeach Democrat
This guy is totally crazy!! You must be some kind of medication Biden will never go for any of that!! If he even think about it China will rat him and hunter out for what they're Covering up and they'll both be in jail jail!
If oil has peaked, recession is here
Even veterans cannot carry guns in NY.
The great reset…
But, even the quality of food when down too ! Everyone is cutting corners to make you frustrated. America has to stay strong!
Logically; crime is going up, why don't former Military get to carry their guns!
Americans veterans disabled elderly and people on SS are the people suffering. We live on fixed incomes we’re the one on the streets living. Meanwhile Biden let’s more and more and give the things that should be going to the American people ! The money it cost to put these people in housing giving them phones food . But yet you have Americans living on the streets you veterans disabled elderly and people on SS . And you let illegals in and give them everything that theses Americans should have but DONT ! Your better off being an illegal in this country than to be an American 🇺🇸 god help are country and the American people in it !
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I found this funny when CEOs like him pretend to be an Economist. Peak inflation saying is like as transitory inflation last time. Ray dalio already said we are headed for stagflation!
Thank God this isn’t a hierarchy. It would be worse.
Oil prices stabilizing and it seems very easy I think he used the wrong term it's not easy for the American people it's hurting them but once again, the government told us we would be hurting and Big Brothers watching us, Joe Biden is dismantling our country piece by piece also our values our integrity, what is worse is he doesn't care as long as we do what he says he won't punish us what are we three years old, have you noticed every time Nancy pelosi or Joe Biden lie they start stammering and stuttering and talking gibberish,
Don't you realize that's not on Joe Biden and Nancy pelosi's agenda do you really think he cares what the American people say or think it's his agenda and the Democrats agenda.
I don't know how he can say we've seen a peak- no way. It's going to get worse.
Panic has plaqued America because of the White House. On every issue. The adults are not in charge.
If you think prices are high now, just elect the Republican party in the majority of both sides of the congress, and watch things become so much worse.
U.S. government don’t seem to care wether Americans eat or not….
Woohoo! Thank goodness I saved .16 last year so I can use it for this year!
Drill baby drill!!!
Quick Fox "News"! Grasp at all the straws! Enforce the narrative!
Unleash those Weapons of Mass Distraction so people don't talk about Trump's treason!
Squirrel!
Squirrel!
Goddamnit people look at that squirrel over there by our smoke and mirrors!!!
This NYC supermarket billionaire guest is out of touch with the Democrat party. He probably voted for those crooks. To not wage war on the fossil industry is like denying the existence of the patriarchy or systemic racism. Democrats don’t do rational pivoting anymore. That ended in the 90s.
Trump met with OPEC in 2020 and demanded they raise oil prices by 28 percent and cut production by 28 percent. He had some reason for making Americans pay higher oil prices.
The problem is that stores are ripping people off for NO REASON.
I drive a semi for many years. Let me give you some numbers.
Lets say I deliver one hundred thousand cans of green peas from one warehouse to another. Let say I have to drive 1000 miles for that trip. My truck averages 7 mpg. That means I need about 140 gallons of diesel fuel for that trip.
In 2021 diesel averaged $3.3 a gallon. In 2022 it is about $4.6 a gallon. That means that in 2021 my trip would cost $470. In 2022 it would cost $657. The difference is about $190
Now. I have 100000 of cans in the back of my truck. In order to compensate for increase in fuel(delivery) cost a store needs to increase price of each can by 0.19 of a penny. ONE FIFTH OF A PENNY!!!
But how much does the store increase the price? By 20, 30, sometimes 50 cents.
So there you have it.
Backs us into a corner. Hardships resulting from Biden Administration. Happy now Biden?
A smart thief would loot slowly and continuously over a long period of time, never killing the golden goose.
These current thieves are looting everything, everywhere. There will be no golden goose when these globalist cartel numbskulls are finished. Insanity rules the world!
This guy's giving advice, without acknowledging the fact, that the administration has No allegiance to America.
It's ok everyone , we've got bottled water , and a warehouse full of crickets . And were also looking into a bicycle sharing program . Everyone knows , if you take the guns from the honest citizens , the criminals will stop shooting people … right ??
The bulk of what was shown here were animal products. Plant based whole foods haven't experienced the same rise. Don't like inflation, shift your diet.
Keep raising rates
MEAT IS NOW UP 70%
YEAR-ON-YEAR.
-SENIOR EMERITUS
PROFESSOR BJNG.
I'm voting!!!
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