Yeowch, 1.75/lb? That is about right when buying the prepackaged 1 lb bags at the LHBS's near me. Calling around to LHBS's its generally about $1 lb round here in the 50 lb bags. You have my sympathy.
On Deck: Wheat of some sort
Kegged: Breakfast Stout, Cream Ale, Apfelwein, Pale Ale
Bottled: American Amber/Red Ale