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Long Range Hunting & Shooting
Powder-what is a good price?
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<blockquote data-quote="Ward Thurman" data-source="post: 2510921" data-attributes="member: 109209"><p>Supply and demand rule whether we like it or not. If the hoarders would stop it, the supply would catch up with demand and prices would drop and the shelves would be full. As others have noted above, that does not take into account the regular inflation going into it. If you consider that commodities have risen at a rate of a bout 11% lately, and take $36 x 1.11, the minimum should be $40/lb. However, that factor does not represent specific commodities. If you consider oil: In 2019 before the pandemic, oil was $64/barrel. Latest I heard was $111/barrel lately. That is a 73% increase! And since the price of energy affects EVERTHING especially raw materials, I would expect the new "norm" for powder to be in the $45- $65 range.</p></blockquote><p></p>
[QUOTE="Ward Thurman, post: 2510921, member: 109209"] Supply and demand rule whether we like it or not. If the hoarders would stop it, the supply would catch up with demand and prices would drop and the shelves would be full. As others have noted above, that does not take into account the regular inflation going into it. If you consider that commodities have risen at a rate of a bout 11% lately, and take $36 x 1.11, the minimum should be $40/lb. However, that factor does not represent specific commodities. If you consider oil: In 2019 before the pandemic, oil was $64/barrel. Latest I heard was $111/barrel lately. That is a 73% increase! And since the price of energy affects EVERTHING especially raw materials, I would expect the new "norm" for powder to be in the $45- $65 range. [/QUOTE]
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