carried the race on American television on a tape-delayed basis on ABC's Wide World of Sports. Jim Lampley provided the lap-by-lap call with Sam Posey as the analyst with Larry Nuber covering the action in the pits. Radio coverage was provided by MRN with Eli Gold, Ned Jarrett, and Barney Hall in the booth with Mike Joy reporting from the track. After President Reagan's arrival at the track, he joined the MRN crew in the booth for a brief period.
The finish
On lap 158 of 160, Petty and Cale Yarborough, driving the #28 Chevrolet for Ranier-Lundy Racing, were battling for the lead. While this was going on, Doug Heveron wrecked the #01 Chevrolet in turn one. The race was placed under caution, and as per NASCAR's rules at the time the caution period did not begin until the leaders reached the start/finish line. Petty and Yarborough continued their battle through turns three and four, with the first driver to make it back to the line also taking home the race victory as the positions would be held once they crossed and there would not have been enough time to clear the track and resume the race. Petty managed to beat Yarborough by a nose, taking the win. Yarborough did not finish second, however, as he pulled off track too early and was passed by Harry Gant in the #33 Oldsmobile. After completing the final lap, Petty got out of his car and began heading up toward the suite level of the track where the President had been watching the race to greet him.
Top 10 finishers
Post-race
A fight between Pearson and Richmond broke out in the garageafter the race. Pearson managed to punch Richmond below the left eye before crew members of both teams and NASCAR officials broke the fight. While it was unclear what triggered the fight, it was reported that Pearson's car leaked oil on the track after blowing a head gasket and Richmond made an obscene gesture at him. At 3:00 p.m., President Reagan joined Petty and other drivers for a Kentucky Fried Chicken and Pepsi picnic. During the picnic, country singer Tammy Wynette stood arm-in-arm with the President on stage while singing "Stand by Your Man".
Controversy
Rumors later circulated that Petty's engine in the race was illegal, a controversy revived during Speedweeks 1995 when Autoweek magazine published a story alleging certain levels of favoritism by NASCAR officials over the years. The engine was built by DiGard Racing as part of a lease deal with Curb Motorsports, and on race morning there had been a dispute between the two teams over the lateness of payments; Richard Petty himself offered to cover whatever payments had been missed. Though rumors about the legality of the engine had circulated, especially in the ensuing year's Firecracker 400 when another DiGard engine was claimed to be oversized, though the claims were later denied by NASCAR, the consensus of evidence is that the engine was legal. In both cases, future NASCAR Hall of Fame inductee Robert Yates was the engine builder for DiGard. Also, because of the 1971 Myers Brothers 250, there is a dispute whether this is Petty's 200th or 201st win. The 1971 race at Bowman Gray Stadium in Winston-Salem, North Carolina was a combination race with Grand American and Grand National cars, Petty had finished second in a Grand National car to a Grand American car that won the race; under current NASCAR rules for combination races, and in motorsport for races involving multiple divisions of cars racing at the same time, both division winners would be credited a win for their division. No win was credited in the Grand National division, and if guidelines for combination races were used then, Petty would be credited with a win.