PALM BEACH COUNTY, Fla. \u2014 Gas prices have been on a roller coaster for the last week in South Florida and prices are now going up.<\/p>\n
WATCH BELOW: ‘You’ve seen some stations that there’s a difference in 40 cents in price,’ Alex Fernandez tells WPTV<\/p>\n
‘Price cycling’ driving gas prices back up<\/p>\n
On Tuesday prices appeared to be topping out at $3.19 a gallon after dipping as low as $2.79 in some places over the weekend.<\/p>\n
Those who follow the fuel industry call it “price cycling.”<\/p>\n
“It’s kind of this price cycling that takes place every two weeks, or so, across much of Florida, this doesn’t happen everywhere,” said Patrick De Haan of Gas Buddy.<\/p>\n
He explains many stations try to lure in more customers by lowering gas prices and other stations usually follow. “The stations undercut each other, but there’s only so much cutting you can do as a business,” De Haan said.<\/p>\n
The next downward cycle he said might happen in the next week or so.<\/p>\n
“When stations get down to, at, or below their replacement costs, that’s when we start to see stations kind of ratcheting back up,” De Haan explained, “resetting to where prices maybe should have been all along and then stations start the undercutting game again.”<\/p>\n
According to American Automobile Association, in Florida, the statewide average for unleaded gas is $3.07 a gallon.<\/p>\n
Below is pricing in various counties:<\/p>\n
Palm Beach County: $3.19Martin County: $3.13St. Lucie County: $3.08Indian River County: $3.11Okeechobee County: $3.12<\/p>\n","protected":false},"excerpt":{"rendered":"PALM BEACH COUNTY, Fla. \u2014 Gas prices have been on a roller coaster for the last week in…\n","protected":false},"author":2,"featured_media":48158,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[445],"tags":[49,48,635,82],"class_list":["post-48157","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cycling","tag-ca","tag-canada","tag-cycling","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/48157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=48157"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/48157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/48158"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=48157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=48157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=48157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}