We hit $12.50 per yard here, about 6 weeks ago. I was a bit shocking, and it did affect my final purchase.
Hate to say it but .....I love the LQS .....but , I have been buying more and more at on -line sales.
I just hate were this economy and cotton prices have taken me. I considered myself a commited consumer to my LQS, as I feel strongley about supporting local business.... but my wallet is smaller than it was ... and I am forced to balance the issues of online vs LQS.