It's shaping up to be a great butter battle this holiday season.

Bakeries around the tri-state are reporting sky-high prices for the key cooking ingredient, due to supply chain shortages.

That could mean some serious price increases as the holidays approach.

Investopedia reports that there is 22% less butter in "cold storage" than there was one year ago.

While there are also shortages expected of another key holiday staple, cheese, it only pertains to milk-heavy varieties.