INDIANAPOLIS — Gov. Mike Braun signed executive orders recently renewing Indiana’s fuel tax suspension for another 30 days. The orders suspend the state excise and usage tax on gasoline — worth a combined 64 cents per gallon in the month of November — and lift restrictions on untaxed diesel fuel for farmers and timber harvesters through Dec. 4.
Indiana’s average cost for a gallon of regular gasoline cost $3.64 on Monday, Nov. 9. Fuel prices are declining due to a number of factors, including the switch to winter mix gasoline blends (cheaper to make), demand dropping, and more oil flowing through the Strait of Hormuz, according to Gas Buddy analysis.
The state’s 7% gasoline usage tax was suspended in April. The governor renewed and expanded the order the following month to cover the state’s 37-cent-per-gallon excise tax, both of which remain suspended six months later.
A separate energy emergency was issued in late September lifting restrictions on untaxed diesel fuel, which is typically reserved for off-road vehicles like combines.
The emergency is set to expire Dec. 4.