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Gas prices could rise for long weekend and into summer amid fires, economic worries

Gas prices could rise for long weekend and into summer amid fires, economic worries

BNN Bloomberg
Friday, May 19, 2023 11:33:09 AM UTC

Experts say shifting factors including wildfires in Alberta, a slowing economy and potential pressures on supply will all have an effect on gas prices as the long weekend heralds the start of the summer.

“This weekend is the kickoff for summer driving season in Canada,” said Colin Cieszynski, chief market strategist at SIA Wealth Management.

This period is usually characterized by higher demand for gas as people go on more road trips and take their motorcycles and sports carts out of hibernation, he said. 

“It's not unusual to see gas prices go up and down around weekends, and especially long weekends.”

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