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Is the silly GWOT really responsible for why 5.56 doubled in price?
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Yes. Since the WOsT got started, we have had to supply not only our forces, but also to supplement the British, Czech, Polish, French, etc....ammo supplies, plus supply the Iraqi and Afghan armies and police, since neither nation has any working ammo production capacity. Trust me, dealers are feeling the pinch just as much as consumers. We're paying, at the wholesale end, 3x what we were 18 months ago, and that 18-month-old figure was 3x more than we -had- been paying before the wars got started.
Edited to add: As for the shortage, the dearth caused by the Sept-March sales blitz may be easing off, but don't look for prices to come down much. I've still got suppliers calling me offering a wholesale price for 800rd tins of 5.56mm that's $85.00/tin MORE than I'm currently RETAILING the suckers for.