Gas prices continue to rise higher in Canada, with further increases expected next week

Gas prices are shown in Carleton Place, Ont. on Tuesday, May 17, 2022. Sean Kilpatrick / The Canadian Press

Gasoline prices continued to rise in much of Canada over the weekend, and experts warn that further increases are coming this week.

The Canadian Automobile Association says average national gasoline prices rose to nearly $ 2.06 on Sunday, nearly three cents more than the day before and 11 cents higher than a week ago.

Dan McTeague, president of Canadians for Affordable Energy, says fuel prices will continue to rise in the coming days.

In a forecast shared on Twitter, he said the average price of gasoline could reach $ 2.12 per liter by Monday afternoon.

Gas prices have risen rapidly over the past year as limited global supply has been exacerbated by Russia’s invasion of Ukraine.

Prices have also risen due to strong demand, as the economy reopens following the blockade imposed by the COVID-19 pandemic and begins a busy travel season.