Mine is WAAAAY expensive for grain. I understand the need for his high prices, both per pound and bulk, but I don't have to like it, and certainly don't have to pay it.
It's very much worth it to drive the 75 minutes to someone's else's LHBS, load up the car with a few bags, and drive 75 minutes home. I'd say one bag is about break-even money. Two or more is savings for me.
I will buy yeast, (expensive everywhere), specialty grains, and odds and ends from my local store, however. I like having my LHBS, and I like the owner and staff, but some there's a point where my money becomes more important to me than my relationship with my LHBS. Base malt is that point.