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.
-
‘13 FIRES’: One family’s story of resilience amid turmoil along Indiana Avenue
“13 FIRES” by Curtis K. Rogers tells the story of one family's resiliency while living along Indiana Avenue in 1956.
Dominated by No.2 Ohio State for years, No. 5 Indiana has a chance for payback
If Indiana beats Ohio State and closes out the season with a win over Purdue, the Hoosiers will be in the Big Ten championship for the first time since the inception of the game in 2011.
Preparing for the political chatter around the table on Thanksgiving
IU psychology professor Edward Hirt offers insight on navigating through this first big family get-together, since an historic and polarizing election.
No. 16 Indiana remains unbeaten with 69-58 win over UNC Greensboro
Myles Rice scored 14 of his 20 points in the first half, freshman Bryson Tucker finished with a season-high 14 and No. 16 Indiana got past UNC Greensboro 69-58 on Thursday night.
