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I just ordered two spam cans from SGAmmo. I think it cost me $139 plus $26 for shipping. So, 880 rounds for $165 isn't a bad deal/ Also, check out gun-deals.com - User-Submitted Gun & Ammunition Deals for ammo prices all over the internet.
Gun shows. There are usually cans of it at the Portland and Hillsboro shows for about $100. Even adding in show admission, it's still cheaper than having it shipped.
I think that the cost factor must be tempered with how quickly (or not) you need the ammunition. The least expensive 7.62x54r ammo I have purchased has come from members of this board.
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