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.
-
Indiana judge rules against abortion providers fighting near-total ban
An Indiana county judge has ruled against abortion providers who are seeking to broaden access to the procedure under the near-total ban state lawmakers passed in 2022IMPD officers shoot alleged suspect in hostage situation on northeast side
According to police, officers were involved in a shooting but uninjured in the 7800 block of River Road. This is near 79th Street and Dean Road.Indianapolis considering new approach to fixing roads
An Indianapolis City County Counselor is proposing a new solution to what he describes as a generational issue.Man shares journey of identity and fitness, ahead of Geist Half Marathon
Runners in Hamilton county are getting ready for race day. The Geist Half Race Series is this weekend. It’s a route runner Evan Taylor will be taking for the first time on Saturday.