Afternoon Coffee: US Economy Expands in Fourth Quarter, Oil Prices Make Gains This Week Kaitlyn McAvoy - March 27, 2015 12:16 PM | Categories: Afternoon Coffee | Tags: General News The latest GDP data was released this morning, showing the US economy grew 2.2% during the fourth quarter. Consumer spending also rose 2.5%, the biggest gain since 2006. Oil prices seem to be rebounding from their 6-year low hit earlier in March. Oil prices are seeing their second straight week of increases with US crude hitting $50.03 today. Scotland’s oil and gas supply chain also is expanding at record pace. While not a top oil producing nation, Scotland’s oil supply grew 11% in 2013, new data shows, and the sector hit record sales of more than $7.6 billion. Mercedes-Benz is entering the pickup truck market. The luxury carmaker announced it will be producing a mid-size pickup truck, but that it would first be sold in Europe and on other continents but not the US. SIGN UP for the Spend Matters newsletter Dirty Rotten Spendrels Discuss this: Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email.