United Refining Company and Gristedes CEO John Catsimatidis revealed the’simple’ solution to lowering inflation, which currently sits near 40-year highs. Speaking on ‘Varney & Co.’ on Wednesday, the billionaire businessman also revealed America’s’salvation’ as it pertains to lowering energy prices, stressing that they would drop ‘if North America opened up its spigots’ The Labor Department revealed earlier this month that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 8.5% in July from a year ago, below the 9.1% year-over-year surge recorded in June. Prices were unchanged in the one-month period from June. . . .
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