Indiana gasoline tax set to start over holiday weekend
Indiana’s gas tax will increase by 10 cents a gallon under House Enrolled Act 1002, which goes into effect Saturday. The tax will jump from 18 cents to 28 cents a gallon.
Indiana’s gas tax will increase by 10 cents a gallon under House Enrolled Act 1002, which goes into effect Saturday. The tax will jump from 18 cents to 28 cents a gallon.
American drivers are preparing to hit the road this Fourth of July as seasonal gas prices plunge to their lowest in 12 years.
The increases affect everything from notary services to teacher background checks to fuel prices, such as a 10 cents-per-gallon gasoline tax increase starting July 1.
The 2017 increase likely won't be large. But a range of local companies, from logistics providers to auto auctioneers, will be keeping an eye on the situation.
The hike mostly results from an agreement Nov. 30 by major oil-producing countries to slash output.
After a six-year run-up for the Indianapolis-based oil refiner that saw its revenue nearly double, the company has eliminated about 25 jobs, 2 percent of its workforce, in recent months.
GasBuddy said the statewide average for regular unleaded gas was $1.80 per gallon Monday morning, the lowest price this year. That’s down 97 cents from last year’s average price.
Seasonal swings and other factors will likely send gas back over $3 sooner than drivers would like, but the U.S. is on track for the lowest annual average since 2010—and the 2015 average is expected to be lower even still.
The website Gasbuddy.com said Indiana's average price of a gallon of unleaded regular gas was nearly $4.16 Wednesday afternoon, compared with the national average of nearly $3.64 a gallon.
The Federal Reserve this week took steps to boost economic growth. But those stimulus measures are also pushing oil prices up. If gas prices follow, consumers will have less money to spend elsewhere.
As Hurricane Isaac swamps the nation's oil and gas hub along the Gulf Coast, it's delivering sharply higher pump prices to storm-battered residents of Louisiana and Mississippi — and also to unsuspecting drivers up north in Illinois, Indiana and Ohio.
Waning demand for gasoline is putting the United States on course to miss a target for ethanol use for the first time, signaling no let-up in the slide in prices.
Central Indiana Commuter Services started offering service this month between Franklin and the Defense Finance & Accounting Services facility in Indianapolis.
If the cost of aircraft fuel continues to approach $3.50 a gallon, 2012 fuel costs for the company's Frontier unit fuel will end up $40 million higher than the business plan.
The alternative fuel may soon generate more cash for local firms because it’s much cheaper than gasoline.
Shares of Republic Airways enjoyed a 22-percent rocket ride on Monday after a stock analyst gave the beleaguered company an upgrade and the price of jet fuel continued to moderate.
In a poll about the cost of gasoline, 71 percent said rising prices will cause some hardship for them and their family, including 41 percent who called it a "serious" hardship.
Indianapolis-based Republic Airways Holdings Inc. said Monday that it is reducing growth plans for its Frontier Airlines unit because of uncertainty about future oil prices.
High fuel prices are forcing tough choices on small-business owners who are loathe to charge more for fear of losing cost-conscious customers.
That oil spill in the Gulf of Mexico is a nasty event that truly deserves all of our attention.
I want to see the hole capped quickly so the environment doesn’t get beat up any more than it already has, but I have
a feeling the economic and political ramifications will be felt for years to come.