INDIANAPOLIS - 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.
The state average for one gallon of gas is currently $3.31 a gallon, ten cents lower than Tuesday’s national average of $3.40 a gallon.
The Triple-A Motor Club reports the average price of diesel fuel in Indiana Tuesday was $4.60 a gallon, a penny lower than Monday. It was also four cents lower than a week ago, 17-cents lower than a month ago, and 65-cents higher than a year ago.
(07-24-2024) FEMA Denies Whitmer’s Request For Help Following Tornadoes
(07-24-2024) SBA Says Resources Are Available For People Impacted By Tornadoes
(07-23-2024) Indiana Ends FY 2024 With $2.6 Billion In Reserves
(07-22-2024) Three People Injured In Two Vehicle Crash In DeKalb County
(07-22-2024) Sturgis Woman Among Four Injured In Two Vehicle Crash
(07-22-2024) June Unemployment Up Around NE Indiana
(07-22-2024) Bronson Police Starting New Community Program
(07-22-2024) Fort Wayne Man Arrested Following Two County Pursuit
(07-22-2024) One Person Dies In Elkhart Shooting Incident
(07-20-2024) Cuyler Has Case Bound Over To Circuit Court
(07-20-2024) Unemployment Goes Up In Indiana From May To June
(07-20-2024) Two People Killed In Roll Over Accident On I-69
(07-20-2024) West Nile Virus Found In Steuben County
(07-20-2024) Plenty To Do On Last Day Of Bronson Polish Festival
(07-19-2024) 2024 Bronson Polish Festival Is Underway
(07-19-2024) Man Arrested Following Standoff Makes Court Appearance
(07-18-2024) Jobless Rate Rises From May To June In Michigan
(07-18-2024) 2024 Bronson Polish Festival Starts Today
(07-17-2024) Hillsdale Co. Sheriff’s Deputy To Stand Trial For Alleged Assaults
(07-17-2024) Hamilton Man Receives Injuries In One Vehicle Crash