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.
-
Police search for driver in deadly hit-and-run on Indy's west side
An Indianapolis family is seeking justice after a 66-year-old man was killed in a hit-and-run on the west side of the city over the weekend.
Alamo Drafthouse Cinema opens on Indy’s northwest side
The theater is located at the former Georgetown Cinema, and patrons can have their food and drinks delivered to their seats by servers.
Scammers are preying on people searching for new jobs
Job hunting can be difficult enough as it is. But now scammers are looking to take advantage of those people hoping to land their dream job.
Myles Turner scores 34, Pacers avenge Friday's loss to Miami with win over Heat
Myles Turner scored a season-high 34 points, and Bennedict Mathurin added 21 points and 12 rebounds to lead the Indiana Pacers to a 119-110 victory over the Miami Heat on Sunday.
