I just got back from a trip to Michaels where I planned to purchase two yarn skeins but ended up walking out with seven. Michaels is having their "lowest prices of the season sale" and their yarn is incredibly cheap. I will probably be making a second trip later this week.
Their Red heart super saver yarn was on sale for $1.89 and Loops & Threads was on sale for $1.99! A lot of their baby yarns were on sale for $2.45. Not sure about yarn prices in other locations, but for Tampa that is extremely cheap!
The sale runs through April 21st.