If the hoarders and resellers were to never buy another .22 rimfire round at Walmart prices, the reaspnable priced .22 in stock at a retailer might last a day at the most, because folks who have had trouble finding it for decent prices will also become hoarders.
Forget the bitcoin, .22 rimfire has become the new currency. People aren't paying the exorbitant prices for it on auction sites that they were two years ago, but it is still good, hard currency at local gun shops who tell me their distributors claim they have none.
I have always been a good ammo scrounger and previously had no trouble getting .22, but the past year it has become much tougher for me to find. Walmart has removed all bulk .22 from their smart phone app except for Federal, and the first Federal bulk in 6 months hit our Walmarts last week. Considering how many new Cabelas, Bass Pro Shops, Gander Mountains and even local gun stores have opened and how many new shooters we've added in the past 3 years, it is no wonder .22 is in short supply. Very few new .22 production lines have been added.
At small outlying Walmarts around Lubbock, the general managers have made it a practice to buy all the .22 that comes in and sell it on the black market. Two of our four Lubbock Walmarts are bad about the .22 ammo being received never making it to the sales counter.
It's a shame .22 ammo has become the way it is, because it is the ammo young shooters start with and learn with.
I'll be curious to see if reasonable priced .22 ever stays on the shelves again for what was previously considered a normal length of time.