Gas tax dropping with gas prices

Image by IADE-Michoko from Pixabay

Gas prices have been falling for nearly 100 days and the gas tax is dropping with it.

The gas use calculation was published by the Indiana Department of Revenue for the month of October. The gas tax is calculated by taking the average price of gas of last month and finding the retail tax. That average cost was $3.14.

The gas tax started to climb again this year in February and rose to as high as 29 cents in August.

However, the national average for a gallon of gas has fallen $1.34 since its peak in mid-June.

The Gas Tax now is 24 cents, but starting soon enough in October it will be 22 cents, down two cents from September.

All streaks have to end at some point though.

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1 comment

Thomas Ryck September 20, 2022 at 5:42 pm

Gas will go up sharply after the midterm elections. That is when joe will stop siphoning off the strategic He said he would do it for 6 months, ends right after the election. What a coincidence ??


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