### Question
How does the law define regulated price?


### Answer
Under *43 U.S.C. § 1353*, **regulated price** is defined as:

> the highest price—


(A) at which oil many [1](#1353_1_target) be sold pursuant to the Emergency Petroleum Allocation Act of 1973 [2](#1353_2_target) [15 U.S.C. 751 et seq.] and any rule or order issued under such Act

#### Citation:
  - *43 U.S.C. § 1353*
  - Heading: **CHAPTER 29-SUBMERGED LANDS > SUBCHAPTER III-OUTER CONTINENTAL SHELF LANDS**

