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I talked to an owner of an indoor range in the Houston area who told me that the Chinese are buying up all the scrap metal they can get their hands on. He sells the left-over brass to a recycler who sells it to whoever pays the most.

As someone else said, fuel prices always add to the cost because of the weight of ammunition. It might be good idea to stock up while you can since fuel prices are going up as we speak. If you can't find loaded ammuntion, buy bullets in bulk. I just bought some from Precision Bullets for the about the same price as the local gun store sells them for. These are the polymer coated ones mentioned in a previous post. They don't smoke much and are much cleaner than regular lead bullets. Also, the polymer is easier on your barrel than copper jacketed or lead I'm sure. So far I really like them.

As for reloading semi-auto, yea it's a pain, but if prices are high enough, it's worth it. I practice with what I reload and save the other stuff. Even if you don't reload now, save your brass now in case later it becomes feasible for you. Even if you don't use it, you can always trade it.

-SS