Combine the water, sugar, lemon peels, lime peels, orange peel, and ginger in a saucepan. Place over medium-high heat. Whisk until the sugar has dissolved and bring to a boil.
Reduce the heat and simmer for 20 minutes. Remove from the heat and strain into an airtight container. Add the lemon, lime, and orange juice. Mix in the food dye and lemon extract. Allow to cool.
Once cooled, cover, and store in refrigerator for at least 12 hours and up to 2 weeks.
To make a serving, combine the syrup, citric acid, and ice in a cup. Pour in the club soda and stir.