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.
-
Drug overdose deaths down in U.S. for first time since 2018
The U.S. saw a 14.5 percent decline in drug overdose death in the last year. Marion County also saw fewer overall overdose deaths.
Silver Alert issued for missing 52-year-old from Warsaw
A Silver Alert has been issued for a 52-year-old woman from Warsaw, Indiana. Police said she's been missing since Oct. 28 and may be in danger.
Buck Creek Township Fire Department has more women on staff than ever before
Five percent of all career firefighters are women, according to the Federal Emergency Management Agency. One Hancock County fire department now has the most women on staff they've ever had.
Police arrest two teens accused of stealing a car then shooting a woman
Two teenagers are facing several charges after police say they are accused of stealing a woman’s Kia and then shooting her.
