If past experience is any indicator, we will see things level out by the next election. I think the market is saturated for the time being. I also stoked up on SPP about ten years ago (Tula), but I will wait until more American, or US-manufactured brands become available. I am fine for now, given that I am in mission work here in Africa and won't be shooting for a couple of years at least. Judging by the online sellers (Midway, Grafs, etc.) $35 a pound for propellant and $35 brick for primers is where we're headed. We'd like to see $17/lb. and $15/brick, but that was thirty years ago. Dad bought me 100 pounds of pure lead -- in Anchorage, no less -- for 42 cents a pound in 1985. Zip metals wants four times that price, wholesale, plus delivery, for a minimum one-ton purchase delivered to a business address with your own forklift. Remember, your rose-colored glasses do not show the griping about high prices then, either.
We've also got an entire cadre of new shooters. Some will practice regularly, some will load the revolver for the nightstand drawer and leave it undisturbed for years on end, and some will load their own ammunition. But I think the influx of new blood into our sport and hobby, with a larger market, is a net benefit.