No doubt. And I'm at a loss for what "local" means to them.
I'm for great beer first and foremost. I'd easily spend a bit extra for something epic that I can't get such as Pliny, though not on a regular basis. After that I look for something reasonably priced. Sometimes it's something like Sierra Nevada (not small or local) and sometimes it's something local. I've been surprised by how good a lot of our local beers are as Texas just isn't the place one thinks of for great beer unless maybe it was a German lager as there's a big influence in places (we are heading to Pluggerville for a German festival today).
I think a lot of the craft beer prices can be outrageous, especially on bombers. There's just no way I'm dropping $10+ on a 22 oz beer (maybe were it something epic like Pliny as a one time thing) when I can get a six pack for that, and a six pack of craft here can be as low as a bit under $7. I think something these small breweries could do is something like a co-op to get better prices in bulk thus reducing their costs.