Question of the Day: How High is Up?

Reader Mike W. writes:

“Just curious what your predictions are on AR-15 gun and component prices. Do you think they will start going back down anytime soon? My nephew went to a gun show in Dallas over the weekend, so I asked him to check on some uppers for me (I have a half-built AR sitting on my workbench). He called me from the gun show and said there wasn’t anything for under $700! Just a few weeks ago, I could get a good upper (minus BCG) for around $300, and now they are $700? That’s the cost of an entire rifle! This price hike is getting insane. At this rate, they won’t have to ban them – because no one will be able to afford them.” So is this the end of the beginning or the beginning of the end of price hikes?