Who controlled the gasoline prices in 1970?

In the 1970s, gasoline prices in the United States were largely influenced by the Organization of the Petroleum Exporting Countries (OPEC), which coordinated oil production levels among member countries to control prices. Additionally, the U.S. government implemented price controls during the 1970s to manage inflation and stabilize the economy, further impacting gasoline prices. The combination of OPEC's influence and domestic regulations created significant fluctuations in fuel costs during that era.