Treasury Secretary Janet Yellen said that federal policy makers should consider a temporary gasoline-tax holiday to ease the burden of soaring fuel prices, the Wall Street Journal reports.

“Germany will restart coal-fired power plants in order to conserve natural gas, the country’s economy minister announced on Sunday, amid concerns about a looming supply shortage after Russia cut gas deliveries to Europe this week,” the New York Times reports.

“President Joe Biden on Wednesday called on U.S. oil refiners to produce more gasoline and diesel, saying their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record high prices at the pump,” the AP reports.

Meanwhile, The Hill reports the White House “is showing signs that it is more seriously considering a federal gas tax holiday,”

“On the issue of gas prices, I drove my electric vehicle from Michigan to here last weekend and went by every gas station and it didn’t matter how high it was.”

— Sen. Debbie Stabenow (D-MI), at a congressional hearing.

“The average price of a gallon of regular unleaded gas in the U.S. hit $5 Friday night, and the rise in fuel costs is expected to persist throughout the busy summer driving season,” the Wall Street Journal reports.

Washington Post: “Behind the scenes, several prominent Democrats have been pushing to make attacks on the greed of oil and gas companies a centerpiece of the party’s message, in the hopes of making Democrats the party of fighting inflation by the midterms.”

“They argue that the issue of gas prices needs to be reframed as a choice between Democratic support for proactive measures — like suspending the gas tax or prodding oil companies to drill on existing leases — and Republican opposition to taking action.”

Sen. John Kennedy (R-LA) joked that because of gas prices, it would be cheaper in his state “to buy cocaine and just run everywhere” rather than drive, the Washington Examiner reports.

President Joe Biden will announce new executive actions to spur more domestic production of solar panels and clean energy technology on Monday, CNN reports.

“Russia’s attack on Ukraine is redrawing the world’s energy map, ushering in a new era in which the flow of fossil fuels is influenced by geopolitical rivalries as much as supply and demand,” the Wall Street Journal reports.

“Over the past half-century, oil and natural gas have moved with relative freedom to the markets where they commanded the highest prices around the world. That ended abruptly when Russian tanks rumbled across the Ukraine border on Feb. 24, triggering a barrage of trade sanctions by the U.S. and Europe targeting Russia that have plunged global commerce into disarray.”

Axios: “Benchmark futures prices for gasoline hit a new high of $4.19 per gallon Thursday, as the Department of Energy reported that gasoline supplies last week hit their lowest level this year.”

“Unless those futures prices come down quick, we’re about to blow past last week’s record retail gas price of $4.71 a gallon.”

“As somebody who just bought my first electric vehicle, I’m driving by the pump. And I won’t tell you the motion I’m making when I drive by.”

— Sen. Debbie Stabenow (D-MI), in an interview with MLive.

“OPEC and its allies agreed Thursday to a bigger-than-expected oil-production increase of 648,000 barrels a day in July and August, OPEC delegates said, allowing Saudi Arabia to potentially pump more crude and paving the way for a potential deal with the U.S.,” the Wall Street Journal reports.

“The move would represent a significant shift for the Saudis, who have resisted calls from the U.S., U.K. and other Western countries to pump more oil to help reduce a price boom resulting from Russia’s invasion of Ukraine. The discussions come after a flurry of diplomacy between Washington and Riyadh, with senior U.S. officials traveling to Saudi Arabia in recent weeks to broker a deal.”