Running low on ammo
Panic buying yields ammo shortage
MANCHESTER – Panic buying of ammunition has created shortages for bullets and is slowly pushing up wholesale prices for ammo, according to New Hampshire gun dealers.
Some of the shortages have been so severe that it’s been tough for dealers to secure certain types of ammunition. The dealers report that ammunition makers are producing as many bullets as they can – but that hasn’t yet translated to having plenty of stock in stores.
It’s also caused wholesale prices to go up a bit, even though the cost of the raw materials going into the bullets has dropped sharply over the past few months.
The root cause of the problem is based on the same panic buying that has sent firearms sales skyrocketing over the past few months. When it comes to ammunition sales, the gun dealers describe a situation that could come straight out an economics textbook.</em>
Checking online tells the same story- most everything big enough to do the job is out of stock.
