President Biden speaks with Democratic Rep. Cindy Axne of Iowa, right, and Jack Mitchell, regional vice president of POET Bioprocessing during a visit to its plant in Menlo, Iowa, where he announced the EPA would ease restrictions on fuel containing E15 ethanol. Mandel Ngan/AFP via Getty Images hide caption
Mayor Lori Lightfoot emphasizes the importance of wearing a mask as she provides an update about the COVID-19 vaccinations at Norwegian American Hospital in Chicago on Tuesday, Jan. 5, 2021. Youngrae Kim/AP hide caption
A sign displays fuel prices at a gas station in Arlington, Va., on March 16. President Biden announced on Thursday the country's largest-ever release from its Strategic Petroleum Reserve. Saul Loeb/AFP via Getty Images hide caption
Gabriela Chirinos places the handle back on the pump after filling her vehicle with gas at a Miami Shell station on Nov. 22, 2021. Florida Gov. Ron DeSantis announced he would ask state lawmakers to temporarily "zero out" state gas taxes next year. Joe Raedle/Getty Images hide caption
A statue of a pumpjack and drilling rig sits next to a gas station in Odessa, Texas, on March 13. U.S. oil companies are under pressure to drill more, but they are constrained in how much they can do. Joe Raedle/Getty Images hide caption
A customer pumps gasoline into his car in Gulfport, Miss., on Feb. 19. Rogelio V. Solis/AP hide caption
Gas prices have been increasing since the start of the war in Ukraine. David Schaper/NPR hide caption
Fed Chair Jerome Powell is pictured during his renomination hearing with the Senate Banking Committee in Washington, D.C., on Jan. 11. The Fed raised interest rates on Wednesday for the first time since 2018. Brendan Smialowski/Pool/AFP via Getty Images hide caption
Ride-share companies Lyft and Uber announced they will add a temporary surcharge on their rides to help their drivers deal with the rise in gas prices. Robyn Beck/AFP via Getty Images hide caption
Average gas prices have topped $4 nationwide, prompting some remote workers to question whether they really need to return to the office. Stefani Reynolds/AFP via Getty Images hide caption
Argenis Dominguez fueling up his SUV at a gas station in Boston. He drives Uber for a living and says the higher gas prices mean less money in his pocket. Chris Arnold hide caption
A man pumps gas at a Giant Eagle GetGo in Mount Lebanon, Pa., on Monday. Gene J. Puskar/AP hide caption
Gas prices reach over $5 a gallon at a station in Los Angeles on Friday. Oil prices continue to surge after Russia's invasion of Ukraine, with some analysts describing market conditions as verging on "panic." Frederic J. Brown/AFP via Getty Images hide caption