Indiana Governor Mike Braun announced a 30-day suspension of the state’s 7% gas tax to help residents cope with rising fuel costs caused by the ongoing U.S.-Israeli conflict with Iran. The tax holiday may be extended depending on developments in the Middle East.
Braun said the move aims to give Hoosiers relief at the pump and called it a top priority. The state will monitor gas stations to ensure tax savings are passed to consumers and protect against price gouging.
Despite a two-week ceasefire between the U.S. and Iran brokered by Pakistan, fighting continues, and it will take time for prices to drop. Gasoline in Indiana currently averages $4.14 per gallon, up from $3.47 a month ago, according to the American Automobile Association.
A recent poll showed 55% of Indiana residents feel the gas price increase has affected their household finances, with 21% saying it has impacted them “a great deal.”
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