When you buy more than 2 they are $1.67 each. I have coupons that give $1 off of 2. Also, rumor has it (from Kimber) there is a $5 catalina that will print if you buy 5. This would be an amazing deal on cereal.
Update: It is confirmed. The $5 catalina rumor is true. I am going tomorrow and the way I figure it, I will be getting 24 boxes of cereal for $13.00 plus tax. I was able to buy a bunch of coupons off of ebay. So, I will be using a $1 off of 2 coupon for every box and therefore saving $0.50 off of each box.