A new report finds wine prices are expected to fall to the lowest levels in five years.
That's according to the newly released State of the Wine Industry Report from Silicon Valley Bank.
Experts say the reason for the price drop is too many California grapes along with low demand.
One industry group says demand is so low that wine consumption has dropped for the first time in 25 years.
One of the reasons is millennials are more likely to go for liquor or cocktails over wine.
Industry experts say consumers might be able to enjoy the sweet low prices for the next three years.
