INDIANAPOLIS — Indiana residents will soon be seeing an increase in prices as the gas pump.
The Indiana Department of Revenue published the gas use tax rate for the upcoming month. The tax will be increasing by 1.4 cents to 18.6 cents per gallon starting March 1.
Although the gas tax has decreased in recent months, Hoosiers have seen a significant increase over the last five years. In March 2018 the rate was 13.8 cents and 11.4 cents in March 2019.
At this time last year the gasoline tax rate was 18.4 cents per gallon.
Indiana calculates this tax by taking the average price per gallon of gasoline in the prior month and multiplying it by the state retail tax. The average retail cost of one gallon of gas last month was $2.66.
This means that Indiana residents will end up paying an extra 18 cents per gallon.
This adds up quickly to become an extra $1.80 on 10 gallons of gasoline.
In February, the gas tax was 17.2 cents per gallon, meaning you were spending $1.72 in taxes for every 10 gallons of gas.
Indiana residents pay two additional taxes on top of the gasoline tax. There is an excise tax of 33 cents per gallon and a federal tax of 18 cents per gallon.
With a $2.66 retail price, Hoosiers pay $3.35 per gallon of gas.
The state average for one gallon of gas is currently $3.31.
Visit WRTV’s gas prices page to find the cheapest gas prices near you.
-
Indianapolis Zoo certified as sensory inclusive
The Zoo added signage to notify guests of loud and quiet areas and areas with smells, weighted lap pads and sensory bags containing noise-canceling headphones, fidget tools and communication cards.Drive sober or get pulled over: Police increasing patrols for Labor Day Weekend
Drive sober or get pulled over. A message often shared by law enforcement, especially going into holiday weekends.Caitlin Clark has career-high 31 points, 12 assists as Fever beat Sky 100-81
Clark shot 8 for 14, including 5 for 9 from 3-point range, in her 11th double-double. She is the only player to ever have three games of at least 25 points and 10 rebounds in a season.Indiana high school football scores 2024: Week 2
It’s the second week of the 2024 high school football season. See all of the high school football scores in Indiana from Friday, August 30, 2024.