I was having coffee with a good friend at the gas station a few years ago when gas prices started up. We had been buying gas for $0.99, and it had risen to $1.80. He said I shouldn't worry about it. His theory was "It will go to $2.50 or $3.00, and we'll soooooo happy when it settles back at $1.95 ... Twice our normal price and we will love it."
Sounds like guns and ammo will head the same way.