"Lost and Running" is a song by Australian rock group Powderfinger. It was released as the first single from the group's sixth studio album Dream Days at the Hotel Existence. It is the band's twenty-second single and peaked at No. 5 on the Australian chart, the group's second highest charting single after "My Happiness". It made its radio debut on 13 April on Triple J and was released to wide radio play and the band's MySpace on 16 April 2007. The single was officially released on 12 May 2007.

"Lost and Running" was the first song recorded at Sunset Sound, Los Angeles, as part of Powderfinger's Dream Days at the Hotel Existence recording sessions. The song was also one of the first to be written during the group's two-year hiatus. The band worked with Rob Schnapf for the sessions. Lead singer Bernard Fanning said in April 2007 that the song was more positive than many other Powderfinger works, stating "the music is quite up and hopeful sounding and has a breezy feel to it".

The song's time goes through a pattern throughout its entirety of one 4:4 bar, one 2:4 bar and then two 4:4 bars. In writing "Lost and Running", the band was influenced by bands that they have cited as being influences on their music from early on, including David Bowie, The Rolling Stones and Neil Young. In an interview with The Courier Mail, Fanning noted that the song was a very simple one, stating "the actual style of song is quite different as it has very little movement. There are literally only three chords in the song."" He notes that the song's premise is reflective on how the group approached the recording of Dream Days at the Hotel Existence, in that they were unsure of what they wanted to do with the album.

The music video for "Lost and Running" was directed by Damon Escott and Stephen Lance of Head Pictures. The video clip premiered in Australia on 21 April 2007.

The video features Bernard Fanning, the band's lead vocalist, walking around dressed as a hotel porter, pushing a hotel luggage trolley as he walks through a hotel (actually Brisbane City Hall) singing. As he walks through, he passes the other members of Powderfinger. He eventually walks out of the hotel and finds himself on a country road which was filmed halfway between Toowoomba and Dalby. In this scene a large chandelier can be seen, continuing the theme from the cover art of the single. There are also a few shots of the band playing the song as a group intercut with the "dramatic" scenes.

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