I read one of those expert prognostications last week, reassuring the wine business that all would be soon be well with the world again. Which, for the wine business, means that consumers will stop buying cheap wine, the world oversupply of grapes will go away, and prices will go up.

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To which I offer the House White ($10, purchased, available at Kroger) as the wine of the week, from the always reliable Magnificent Wine Company. Note that it was $10, a couple of bucks less than its suggested retail price. Note, too, that it was a 2008 vintage, even though there is a 2009 vintage available. Why does that happen? Because there is so much 2008 left that retailers aren’t stocking the 2009. Yes, the wine business may be improving, but there is still such a glut of wine in warehouses and on shelves that we won’t see pre-recession pricing for a very, very long time.

Despite its age — and $10 white wines don’t often last this long — the House White is sturdy and worthwhile. It’s a blend of mostly chardonnay from Washington state, so look for a lot of stoniness, and though there isn’t a lot of fruit left (maybe a little peach), that’s not a problem. There are no off flavors, again something to look for in older cheap wines. Drink this chilled at almost any summer white wine opportunity.