It looks like we've got plenty of butter, it's just a little pricey right now. Julie Blaustein/Flickr hide caption itoggle caption Julie Blaustein/Flickr The Salt Chill Out, Pie-Makers. There's No Butter Shortage Looming September 4, 2014 Butter prices are at their highest levels in years, and supplies are low. But it's not because Americans suddenly discovered that fat isn't evil. It's because other countries love our butter, too.