Bomgaars Out of Most Ammunition

(SIOUX CITY, IA) The ammunition shelves at Bomgaars are empty and employees say the company can't keep up with customer demand. It's a story playing out all across the nation.

Handgun and high power rifle cartridges were the first to go, flying off these shelves within one week.

Everyone wants to get their hands on these, 9 millimeter bullets.

But they are few and far between as buyers worry congress could pass new regulations on firearms and ammunition.

"Its kind of been brought to the front of the spotlight and has gotten a lot of people a little nervous about the availability of ammunition in the future," says Joe Boyle, store Manager at Bomgaars.

Bomgaars prints its sale ad weeks in advance and couldn't give a discount on certain ammo last week because it was all gone.

"It's crazy. Like maybe a month ago, two months ago, 6 months ago, we had a huge supply and now we look at the empty cabinets and its all empty, except shotgun shells, which I've already got," says Tim Sebade, a local gun owner.

And that lack of ammunition has Tim Sebade looking to the past for inspiration.

"If it gets to a point, we'll have to go ahead and reload those which is building our own shells, with the black powder and our bullets all together. They used to do that way back when and it looks like we may have to start doing that," he says.

But Sebade's in luck, because on Craigslist, Brett Peterson is selling thousands of 9 millimeter rounds.

"My dad's been in the gun business for over 40 years, so we had a lot of ammunition on our own that we have and were just trying to get rid of some," says Peterson.

He's also a gun advocate, who says limiting firearms are not the way to prevent mass shootings like the one in Newtown, Connecticut.

"My mom is a nurse and she works on a psychiatric ward and the funding has gone down dramatically in the last 10 years for people that are coming back from war, with PTSD and other mental illnesses. We do need more psychiatric care and that's part of the problem with the guns. It's not the guns; it's getting psychiatric help for people who need it," says Peterson.

Back at Bomgaars, Tim Sebade sees both sides. He was just minutes away from Columbine High School back in 1999.

"You feel like something has seriously been lost, and you know your not going to get that back," Sabade says.

Bomgaars says manufacturers are scrambling to get more ammo made and shipped off. It could be months before you see any more on the shelves.

Meanwhile President Obama spoke about Gun Control in Leesburg, Virginia today, saying Americans needs to respect the regional differences when it comes to firearms.

"Guns mean something different for somebody who grew on a farm in a rural community and somebody who grew up in an inner city. And they're different realities, and we have to respect them. The majority of responsible gun-owners recognize we cannot have a situation in which 20 more of our children or 100 more of our children or 1,000 more of our children are shot and killed in a senseless fashion," the President says.