Billionaire CEO Sounds Alarm On Food, Gas Prices Spiking

  • While the latest inflation report might have shown welcome signs of inflation continuing to cool, one supermarket and oil CEO told Americans to prepare for the exact opposite.
  • “Prices are going up. Gasoline is going up. Everything is going up. So I’m not a historian, I am a person that deals with it every day,” Red Apple Group and United Refining Company Chairman and CEO John Catsimatidis said on a “Mornings with Maria” panel Wednesday.
  • “And we have to worry about: what [is the Fed] going to do?”