Sebastian gas prices jump 20 cents, higher than Florida average

Gas prices jump in Sebastian, Florida.
Gas prices jump in Sebastian, Florida.

SEBASTIAN – On Tuesday, some gas stations in Sebastian raised their gas prices by 20 cents, higher than the Florida average.

The Speedway and Mobil gas stations at the corner of CR-512 and U.S. Highway 1 increased their gas prices to $2.20, staying above the $2 mark.

The gas stations in Sebastian were expected to lower their prices below $2 last week. The Mobil gas station west of town at the corner of CR-510 and CR-512 did drop it to $1.99 momentarily. They were the only station.

Walmart and Cumberland Farms are still selling gas for $2.01 a gallon.

So why are gas prices going up?

The price of oil did jump, but it usually takes several days, if not weeks, for these prices to reflect local prices. For some reason, Speedway and Mobil on U.S. Highway 1 felt justified in raising the price approximately 20 cents more.

Exxon in Palm Bay is selling gas at $1.89 per gallon, making it 41 cents less per gallon. Most gas stations in Palm Bay are still below $2 per gallon.

For the first time, gas stations in Vero Beach have decided to raise their prices too. Until now, a lot of the gas stations were priced cheaper, similar to Palm Bay. The lowest price in Vero Beach is now $2.07.

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About Andy Hodges
Andy Hodges grew up in Jupiter, Florida where he began his career in radio and TV broadcasting for over 12 years. He would make a career change to computer programming. Andy spent seven years working for tech companies in Atlanta before moving to Indian River County in 2002. He returned to the news sector in 2005 as a writer. Andy joined Sebastian Daily in 2016 as our editor in chief.