I highly recommend buying ammo now even at the current high prices as I cannot see any ammo becoming less expensive once Biden is sworn in. If Schumer (DEM-NY) has his way, with both houses of Congress under Demoncrat control, he again will try to push through his federal tax on ammo. He tried for 35% in 2019 but it was voted down in the Senate.
Think about it, the dems will control the White House, the House & the Senate soon. Really think about that and think about that hard. Think about what a tax like that, or a higher one, would do to ammo prices. Yes, really think about it. It is a gamble buying it now because who knows, prices may go down. Then again, it is a gamble not buying any now because it may soon be taxed right out of the market or at least it might be taxed far beyond our ability to pay for it.
If you do think about it and decide ammo prices are way too high to buy any now, bear in mind: Senator Patrick Moynihan (Dem-NY) hoped to implement a 10,000% (yes a ten thousand percent) tax, on ammo (source)! They may try that high again soon in as much as they will control everything in DC.