Aviation fuel sales tax replaced in Indiana

Pilots touching down recently to refuel in Indiana have seen a major change in fuel prices. The aviation fuel sales tax of 60 cents per gallon has been replaced by an aviation fuel excise tax of 10 cents per gallon.

The Indiana General Assembly passed a law that established the new fuel excise tax, which went into effect July 1. As a result, pilots fueling at any of Indiana’s 100 public-use airports can expect to save a 50 cents per gallon as compared to before July 1, according to officials with the Indiana Department of Revenue.

[Read more...]

Why gas prices aren’t dropping

Your bloggers have frequently reported that our country is now the largest producer of natural gas. We’re a net exporter of refined gasoline and it’s estimated that we will be the world’s largest producer of crude oil by 2020.  As a result of the ongoing economic malaise and the continued improvement of gas mileage (primarily a consequence of high fuel prices, not government fiat), fuel consumption has dropped dramatically over the past decade. Economics 101 tells us that as production increases, and consumption drops, surpluses are created, driving prices down. This is true, however, only in a free market free of government meddling.

[Read more...]

Arlington adds mogas

Pilots in the Pacific Northwest are enjoying lower-cost fuel and reduced lead problems ever since Arlington Flight Services at the Arlington Municipal Airport (AWO) added aviation-grade, 92 AKI mogas earlier this month. As many know, this airport hosts the annual Arlington Fly-In each July, one of the largest sport aviation events in the country. The availability of mogas at next year’s event is sure to encourage more to attend.

[Read more...]