“Here's some bad news for wine lovers: global wine production hit a historic low in 2017, which means the prices for your favorite cheap wine could rise,” USA Today reported.<br /><br />“Analysts said that producers, dealers and retailers will absorb some of the price hikes, but consumers will end up paying more — especially for cheaper bottles,” CNNMoney reported.<br /><br />In the video, a vineyard in Clermont, Florida, and a wine store in Wisconsin Dells, Wisconsin, can be seen.