Afternoon Coffee: Chinese Economy Growth Weakest in 6 Years, Crude Oil Prices to Fall Kaitlyn McAvoy - October 19, 2015 12:16 PM | Categories: Afternoon Coffee | Tags: General News China’s economy reported a 6.9% growth rate for the third quarter, its most sluggish growth rate since 2009. It was the first time economic growth in the country fell below 7% since the global financial crisis began. The Chinese economic news caused crude oil prices to fall 3% or $1.55 today, hitting $48.91 a barrel. A new report from JPMogran Chase Institute shows that the fall in gasoline prices leads to consumers buying higher grades of gas at the pump. Consumers could have saved $41 a month last winter on gasoline, if they continued to buy the same grade as always. However, instead they saved just $22 because many decided to purchase high-octane gas. Volkswagen has hired an executive to lead integrity and legal affairs for the automaker. Christine Hohmann-Dennhardt comes from Daimler, a German multinational automotive corporation, and will serve on Volkswagen’s board starting Jan. 1, 2016. SIGN UP for the Spend Matters newsletter Dirty Rotten Spendrels Discuss this: Cancel reply Your email address will not be published.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.