It looks like prices are still volatile , and the most likely next move is another upward spike rather than a quick drop. Recent reporting says energy prices have already risen this summer, with forecasts pointing to continued pressure from conflict-related supply risks and tight markets.

What the current signals say

  • Household energy bills were described as rising about 13% this summer in one forecast.
  • Oil-market coverage has repeatedly warned that prices can spike again if supply stays constrained or disrupted.
  • Analysts also noted that prices usually fall more slowly than they rise, especially after damage to energy infrastructure.

Timing

A precise “when” is hard to pin down, but the near-term risk window is this summer and the next few weeks to months , not some distant date. If tensions ease and supply normalizes, prices could stabilize, but the reporting I found does not suggest a fast return to earlier levels.

In plain terms

So the best short answer is: it could go up again soon, and there’s no clear sign of a quick price reset downward.

Quick table

SignalWhat it suggests
War/supply disruptionMore upside risk for prices
Recent forecastsHigher bills already expected
Market behaviorPrices rise faster than they fall