A forecast from John Catsimatidis, the influential CEO of United Refining Company, signals hope for American consumers as he predicts a decline in grocery prices over the coming months. Appearing on Mornings with Maria, Catsimatidis attributes this potential relief to an anticipated drop in energy costs, particularly oil. He notes that his supermarkets, Gristedes and D’Agostino, have already started reducing prices as egg costs begin to lower.
Potential Decline in Grocery Prices Predicted Amid Energy Policy Changes
Potential Decline in Grocery Prices Predicted Amid Energy Policy Changes
Billionaire CEO John Catsimatidis forecasts a decrease in grocery prices as energy policies shift, linking it to potential lower oil prices.
The expert predicts that oil could plummet to the range of $55–$65 per barrel in the next three to six months, a shift he associates with the political winds favoring energy development. This change could be accelerated by Canada’s potential shift towards a conservative government inclined to collaborate with former President Trump on reviving stalled pipeline projects.
During a recent discussion, Trump and Lee Zeldin highlighted the critical need for affordable energy throughout North America. Catsimatidis suggests that synchronized leadership between the U.S. and Canada could be just what’s needed to initiate several major pipeline initiatives.
Lower oil and diesel prices directly correlate with reduced transportation and manufacturing costs, which leads to cheaper goods at grocery stores. “When oil prices decrease, the same follows for diesel, allowing factories and transport networks, along with supermarkets, to reduce their costs,” he elaborated.
In conclusion, Catsimatidis asserts that forward-thinking energy policies from aligned leaders could soon translate to lower prices at checkout, benefiting American families and consumers alike.
During a recent discussion, Trump and Lee Zeldin highlighted the critical need for affordable energy throughout North America. Catsimatidis suggests that synchronized leadership between the U.S. and Canada could be just what’s needed to initiate several major pipeline initiatives.
Lower oil and diesel prices directly correlate with reduced transportation and manufacturing costs, which leads to cheaper goods at grocery stores. “When oil prices decrease, the same follows for diesel, allowing factories and transport networks, along with supermarkets, to reduce their costs,” he elaborated.
In conclusion, Catsimatidis asserts that forward-thinking energy policies from aligned leaders could soon translate to lower prices at checkout, benefiting American families and consumers alike.
