Indiana’s average gas price hits record high for 4th straight day

INDIANAPOLIS (WISH) — For the fourth consecutive day, Indiana hit a file excessive for a gallon of standard gasoline, based on averages from GasBuddy.

At 9:30 p.m. Saturday, the common value was $4.98. That’s 2 cents increased than Friday, practically 41 cents greater than per week in the past, 80 cents increased than a month in the past, and $1.92 greater than a 12 months in the past, based on GasBuddy. Indiana ranks tenth as having the costliest gasoline costs.

Marion County’s common on Saturday night time at $4.96. Of Indiana’s 92 counites, Porter County alongside Lake Michigan had the very best common, $5.39. Subsequent-door Lake County had the second-highest, $5.37.

Indiana has two taxes on gasoline: the 7% state gross sales tax and a tax directed to infrastructure tasks. The street tasks tax that’s at present 32 cents a gallon is about to go up by 1 cent in July.

That nationwide common at 9:30 p.m. Saturday was $4.85. That’s 22 cents increased than per week in the past and practically 59 cents greater than a month in the past.

Excessive gasoline costs may be blamed on brief provide, excessive demand, and the conflict in Ukraine, specialists have stated.