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Gas Prices Drop But Tax Relief Ends Soon | Indianapolis News
Description
Drivers are enjoying the lowest gas prices for the Fourth of July in over a decade, thanks to Indiana’s temporary gas tax suspension—making the Hoosier State the cheapest at the pump nationwide. But with the national average nearing $4 a gallon, relief may be short-lived. The state’s move, aimed at easing household budgets, has disrupted local government funding since gas tax revenue typically funds road repairs and infrastructure. To offset the loss, the State Board of Finance approved $121 million to ensure roads and bridges stay in shape. The tax break, already extended twice, is set to last until August—so stock up on savings while you can, but keep an eye on the pump.
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