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So, I pick up my friend at his estate which sits at the top of a very steep hill.  Because the driveway up to his estate had its driveway circle blocked by the gardener, I had to back down his driveway.

It was during this process, I heard a creaking noise.

Next thing I know, my steering wheel is squeaking like crazy.  It felt like it was rubbing something.

As I continued to drive, the squeaking persisted.

After about half-an-hour, the squeaking was mitigated; but only slightly. 

What is going on with my car? 

Incidentally, I examined the car, and the wheels look suspiciously close to the inner wall on full lock.