However, it is not clear how prices of imported fuel would be controlled.
The Biden administration has blamed out-of-control fuel prices on Russia's President Vladimir Putin, calling it "Putin's price hike."
Biden also blamed former President Donald Trump, who he recently referred to as "the great MAGA king," for increasing the deficit.
During her weekly press briefing, Pelosi also blamed U.S. oil corporations for rising fuel prices, claiming that they were exploiting consumers and that gouging them is an actual "part of the business plan of companies."
At the briefing, Pelosi pushed H.R. 7688, a bill known as the "Consumer Fuel Price Gouging Prevention Act." Its intention is "to protect consumers from price-gouging of consumer fuels, and for other purposes."
The bill would allow President Biden to declare an "energy emergency proclamation" and then have the power to regulate prices by stopping fuel companies from selling their products at prices considered to be "unconscionably excessive" and exploitative.