The manufactures still producing them at record levels. If panic buying was the case that would have subsided by now. Where the hell is all the 22 ammo going??
With every manufacturer jumping on the AR platform in .22LR it's no surprise.
Where I once use to take the 22's to the range only when the kids or Deb went, they are now a staple in bag, .06 - .07 versus .45+ a round
So people are hoarding whatever they can get. 22 around here is still consider the ultimate round to stock up on for when the SHTF.
Lightweight, can store a lot in minimal space and still lethal.
My 22 AR now goes with me every time to the range, since it is the only rifle allowed at any of our shoot stations, including indoors.