Indiana Gas Tax Suspension Saves Drivers 50 Million: 17 Cent Per Gallon Relief for 30 Days

About this episode

Indiana's gas tax suspension is expected to save drivers $50 million and reduce prices by 17 cents per gallon for 30 days.

Indiana is experiencing significant economic relief this week as Governor Mike Braun suspended the state's 7 percent gas tax for 30 days, according to WDRB. The move is expected to save drivers approximately 50 million dollars and reduce prices by about 17 cents per gallon. The suspension began Wednesday and comes as retail gas prices have already dropped by about 20 cents in some locations overnight. With the temporary tax holiday in effect, Indiana gas prices are now running about 20 cents lower than neighboring Kentucky, making the state an attractive destination for fuel purchases across the region. The tax suspension addresses what Braun described as the pain at the pump from high gas prices, with affordability listed as a top priority. WDRB reports that Indiana's gasoline tax structure is complex, consisting of an excise tax set at 36 cents per gallon and a usage tax that adjusts monthly based on 7 percent of the statewide average gasoline price. As of April 2, the total tax on a gallon of gasoline in Indiana was approximately 71 cents. Following the 30-day suspension, the state plans to conduct a review and will patrol gas pumps to monitor prices and ensure savings are…

People in this episode

Host: Mike Braun

Topics covered

• gas tax suspension
• economic relief
• fuel prices
• Indiana
• Governor Mike Braun
• legislation

Keywords

• gas tax
• Indiana
• economic relief
• fuel prices
• Governor Mike Braun
• WDRB
• legislation

Mentioned in this episode

Organizations: WDRB

Places: Indiana, Kentucky

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