That is also true. Gas finally went way over a dollar per gallon and everybody was freaked about it. So Carter employed price controls, (or maybe they were already in place but he assumed the office.) Eventually he rescinded them. Gas jumped way up but at least everybody could get it.
It was so fucked up. At one point people were buying piece of shit 72 Impalas because they had like 40 gallon gas tanks that were FULL. (They were full because car dealers had permissions to buy gas)