There were articles today saying companies who buy lots of HDDs are being forced into grey market areas to get their stock. I wouldn't be surprised if they ended up hoovering up stock intended for the public.
I can't help but think that there is a lot of sensationalism being reported in the press (afterall...its their job to do this, in order to sell stories or to make people log on to their news website). They certainly won't be able to sell a story if they report, 2TB drives increased from £65 to £75 (which is what they were selling for a few days ago).
If you know where to look, there will always be good deals on HDs. Easyrider bought a 2tb hard disk for £64 each. Someone else got an external 2TB hard disk for £80.
If you are smart, you will be able to sniff out decent prices. Obviously, it will take a while for us to see 2TB disks at £65 (ie. pre flood pricing), but there is still a good chance that reasonable prices will be had in a few months time. Only a few days ago the forest were selling 2TB disks for £75.
It doesnt help that there is a lot of panic buying going on, which is putting extra strain on existing stock, but after this initial surge of panic subsides, I can see prices coming down. Only time will tell though.
As with panic buying during fuel shortages, once the initial panic subsides, normal service is resumed as if nothing happened in the first instance.
In a few months, we can look back at this thread and see who was wrong and who was right, so it should make for fun reading.