Gov. Braun suspends Indiana's gas tax for 30 days
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Gov. Mike Braun is suspending Indiana's 7% gas tax for 30 days to ease high fuel prices.
Why it matters: The average gas price in Indiana is $4.13 today, according to AAA — more than a dollar higher than the start of the year as the war in Iran continues to disrupt the world's oil supply.
Driving the news: Braun declared an energy emergency Wednesday, suspending the tax for 30 days. That could be extended, he said, if the emergency continues.
- It's up to retailers to follow Braun's order.
- The state will be "patrolling the pumps," he said, monitoring prices to ensure the savings are being passed on.
- Braun has also called on Attorney General Todd Rokita to enforce protections from price gouging.
Reality check: The move will save Hoosiers about 17 cents per gallon — around $2 on a full tank, depending on your vehicle.
The latest: A temporary ceasefire with Iran could stabilize oil flows through the Strait of Hormuz, a key global shipping route.
- More than 20% of the world's oil passes through the Strait.
What he's saying: "We felt it was the right time to do it and I think it's going to be a welcome relief for Hoosiers," Braun said during a press conference Wednesday.