Aside from the region's breathtaking scenery, favorable location in the Tar Heel State and agreeable weather year-round, individuals looking to buy a house in Charlotte stand to benefit in many other ways, such as having a lower cost of living. In recent months, a number of metropolitan areas across the country – including the Queen City – have seen gasoline prices decline, according to a recent report.
Using data compiled by AAA Carolinas, the Charlotte Business Journal noted that the average price for a gallon of regular unleaded gasoline in the greater Mecklenburg County area is currently about $3.31. This figure points toward a 5 cent week-over-week drop, as well as a 20 cent monthly decrease, which has already afforded local drivers a heightened level of savings.
However, this positive trend was not confined to just Charlotte during September. Multiple areas around North Carolina have benefited from decreased gas prices lately. According to the regional organization's findings, the average amount Tar Heel State residents are presently paying for a gallon of fuel is $3.31, down from both the previous week's $3.37 and last month's $3.51.
Gas prices exhibit nationwide dip
Across the country last month, gas prices were generally higher than those seen in Charlotte, but a decline was recently noted. During September, the national average for a gallon of regular unleaded gasoline was $3.40, according to AAA. This figure represented a weekly dip of 7 cents and a 19 cent monthly drop.
"Most drivers are paying the lowest gas prices in more than eight months due to abundant gasoline supplies, the end of the summer driving season, lower oil costs and the switchover to winter-blend gasoline," said Avery Ash, AAA spokesman. "Supply and demand is working in most consumers' favor with consumption down and gasoline stocks more than 10 percent higher than a year ago."
Ash also said that additional decreases in gas prices could be observed in the coming months.
"Gas prices could drop another 25 to 30 cents per gallon to the cheapest averages of the year barring significant refinery problems or higher oil costs," Ash continued. "Averages in as many as five to ten states could drop below $3.00 per gallon, but there is a floor to how low the national average can go given the very high cost of crude oil."
Local residents could save further by using public transit
While these dips in gas prices are advantageous to drivers, many Charlotteans can further save money (and maybe even some time) by utilizing the Queen City's consummate public transit system. Local residents can take advantage of the area's light rail, bus and trolley routes to get around the city's center, and into many of the surrounding eclectic neighborhoods. Fares are priced low, ensuring individuals who depend on public transportation aren't burdened by high monthly expenses.
Those looking to take advantage of this lowered cost of living and purchase residential property within the local market can benefit by enlisting the assistance of experienced Charlotte real estate agents. The staff of knowledgeable housing professionals at Lodestone Real Estate can help all individuals successfully navigate the path to homeownership.