In economics class you learn that when there’s a lot of supply and little demand, prices go down. And that’s what is happening to Bud Light right now.

It’s cheaper than water in places like Pennsylvania:

FOX NEWS – Once the most popular beer in the U.S., Bud Light is now selling for less than water in some American warehouses.

Andy Wagner, the manager and 18-year veteran of Glenn Miller’s Beer & Soda Warehouse in Lemoyne, Pennsylvania told the New York Times that a 30-pack of Miller Lite was selling for $24.99, while a 30-pack of Bud Light was priced at $8.99 after a rebate.

“At this point, it’s cheaper than some of the cases of water we’re selling in the back,” Wagner said. “It’s just not moving like it used to.”

“It’s not that they stopped drinking beer,” he added. “They just stopped buying Bud Light.” He said Bud Light parent company Anheuser-Busch broke the “bar rules,” meaning “no politics, no religion.”

That is a huge price difference between Miller Lite and Bud Lite. Former Bud Light drinkers clearly aren’t coming back to Anheuser Bush and that’s especially significant during the July 4th holiday when a lot of beer is consumed.