the conflict in ukraine and the sanctions on russia have led to another surge in the cost of gas and oil. traders are said to be struggling to sell russian oil, even at a discount because of difficulties in shipping and the payment process as well. energy experts in the uk warn that the cost of the average household bill could rise by at least £700. by the time the new energy comes in to force in the autumn. further price rises at petrol stations are also expected. hitting home — there was a stark warning today that a conflict 1,500 miles away could have devastating economic consequences here in the uk. energy bills, already set to rise 50% in april, could rise a further 30% or more this autumn. what we're looking at is the price cap for winter moving from the summer level of around £2,000 per year