The price of his store’s ammunition has more than doubled since mid-December, says Larry Hyatt, owner of Hyatt Gun Shop in Charlotte, N.C., which bills itself “America’s Largest Gun Shop.”
I spoke to Mr. Hyatt today about the increase in the price of ammunition since mid-December (when the gun control debate began to heat up). Hyatt said that the ammo market is “very volatile” and that he “doesn’t know when the next shipment will be.”
His best seller right now is .22LR caliber. Gun owners like to shoot this caliber because it is typically a cheaper round and also optimal for target shooting, known as “plinking”
A box containing 500 rounds of .22LR was selling for approximately $20/box back in December. Today, Mr. Hyatt tells me he is selling the same box for $49. This represents a 145 percent increase in price.
We “immediately started rationing” as there are “a lot of unknowns for deliveries of products,” Hyatt said.
The 5.56mm was selling for $0.50 a round in mid-December. Today it sells for $1.00/round; a 100 percent increase in price.
Mr. Hyatt also said that 50 rounds of 9mm were selling for $10.99 – but, they’re now priced at $24.00 per box. This represents an increase of 118 percent.
Any observations from your end?