Tags: gun | ammo | shortages | firearms

Gun Retailers Face Massive Ammunition Shortages

Wednesday, 13 Mar 2013 12:40 PM

By Sandy Fitzgerald

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Ammunition is in short supply around the country, brought on by the increase in firearms sales as the debate over new gun control legislation heats up on Capitol Hill.

The shortages are hitting small retailers and large stores, such as Wal-Mart and Cabela's, according to CNN.

Wal-Mart, for example, has been rationing ammunition since January, limiting sales to three boxes per customer per day. And Cabela's reports that it can't keep ammunition for AR-15 rifles on the shelves.

As a result of the shortage, the prices for some ammunition has more than doubled. Brian Rafn, a research director at Morgan Dempsey Capital Management, said a 50-round box for an assault rifle has risen from $12 in some places to $25.

Urgent:
Support Obama's Gun Ban Plan? Vote in Poll

Ammunition manufacturers have so far declined to comment on the shortages. But Rafn said he believes they're scrambling to keep up production.

"They're probably [working] three shifts, seven days a week, plus overtime. They're probably scrambling to build new plants like they haven't done in eons," he said.

Summing it all up, from the initial jump in gun sales and now ammunition, Rafn ventured: "You're talking about a massive civilian arsenal build up."

But despite the vigorous activity of late on the gun front, a University of Chicago survey last week found that gun ownership has fallen over the past 40 years based on population.

According to its survey, 34 percent of adults owned guns last year, compared to 49 percent in 1973.

But that ownership percentage could go up this year, given the fact that the FBI is reporting that seven of its 10 biggest weeks ever for conducting gun sale background checks have occurred in just the first two months of 2013.

Shares of gun manufacturers like Smith & Wesson and Sturm Ruger, who make assault rifles, are also climbing as people stock up on their guns. CNN reports that there is also a two-year waiting period to buy an AR-15.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Passage of NSA Crackdown Bill May Be Months Away

Tuesday, 23 Sep 2014 12:25 PM

Tech giants have been left hanging by the Senate as lawmakers took off for the midterm elections break without passing a . . .

Oliver Stone Says Putin 'a Strong Person', Backs His Crimea Actions

Tuesday, 23 Sep 2014 12:18 PM

US film director Oliver Stone said in an interview published Tuesday he admired Russian President Vladimir Putin and und . . .

Tony Blair: 'Right' for Obama to Assemble Coalition to Battle ISIS

Tuesday, 23 Sep 2014 12:11 PM

President Barack Obama is right to assemble a broad coalition of nations to battle the Islamic State (ISIS), something . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved