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.
-
Beech Grove Schools plans 'Blue-Out' to honor fallen officer Brian Elliott
Beech Grove City Schools will hold a districtwide "Blue-Out" on Thursday to honor fallen police officer Brian Elliott, a graduate of Beech Grove High School who was killed in the line of duty Monday.
Spectrum offers $25K reward after cable attacks hit Indianapolis
Spectrum is asking for the public's help after a series of attacks on communication cables in Indianapolis disrupted internet and phone service for customers.
Traffic signal feature gives 'a few extra seconds in the crosswalk'
If you’re at a downtown intersection and you push a crosswalk button, you may notice the walk signal three to seven seconds before the light turns green in any direction.
Circle City Sweets prepares hundreds of king cakes for Mardi Gras
It’s Fat Tuesday, and for Circle City Sweets at The AMP, it’s the busiest holiday of the year. On Monday morning, owner Cindy Hawkins and her team are hard at work, preparing 100 king cakes.
