Why are onions so expensive?

I've never seen prices so high for regular, yellow storage onions before. $2 to $3 a pound. Usually they are less than a dollar. It may not seem like such a big deal, but I go through a lot of onions. These expensive ones are not very good quality either. I realize we are at the end of last Fall's dry onion crop and the new ones aren't in yet, but what's going on? Is there some sort of shortage we haven't been told about?

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