Skip to content
Back to Guavy Wire
Commodities

Braun Declares Energy Emergency, Extends Gas Tax Suspension

Instruments
Oil
Share

Indiana Governor Mike Braun has announced an energy emergency due to disruptions in global energy distribution. He cited the ongoing conflict in Ukraine and Canadian wildfires disrupting the Alberta Oil Sands Region as reasons for extending the state's gas tax suspension.

The suspension, which was set to end on Friday, will now continue for another 30 days. Braun initially suspended the gas taxes after President Donald Trump launched a war with Iran in February, resulting in increased pump prices.

Indiana's gasoline taxes include an excise tax of 37 cents per gallon and a gasoline use tax that is effectively the state 7% sales tax collected on gasoline. The statewide average gasoline price was $3.57 per gallon on Wednesday, which is lower than the national average of $4.08.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc