Ammo sales, prices skyrocket

U.S. firearms owners have bought an estimated 12 billion rounds of ammunition during the past year, gun industry analysts said. The figure far outstrips the 7 billion to 10 billion rounds sold in a typical year, The Washington Post reported Monday. The spike in sales began when people started to take seriously warnings from the gun lobby that with Democrats controlling the White House and Congress there would be new restrictions on gun ownership, the newspaper said. As consumers stepped up purchases, supplies tightened, prices went up and a shortage developed. The shortage has begun to ebb and gun-control advocates are expressing concern about the record amount of stockpiled ammunition, the Post said...read more