An Indiana economist projects prices could rise by about 60 cents per gallon immediately after the tax pause ends, with additional increases possible if crude oil costs continue climbing. The increase comes as global oil markets remain volatile because of continued tensions in the Persian Gulf. Mike Braun’s tax holiday is the third such extension on both the sales tax on gas and the state gas excise tax. There are options to relieve gas prices at the federal level, but they come with their own downsides. Until tensions stabilize, gas prices will depend heavily on conditions in the Strait of Hormuz.