I have heard that razor blades are one of the most expensive items on a per-pallet basis that a supermarket sells.
If you're using it as a proxy for cost per volume then lately prices have exploded such that blades win, but the winners used to be pharmaceuticals, batteries, film (ye olden days), and oddly enough spices. Spices were good enough for galleons in the middle ages, so I guess its no great surprise. The price of a cardboard box full of genuine vanilla flavoring or maple syrup is fairly shocking if never considered before.
If you demand pallet level ordering / money laundering it is surely laundry detergent. Nothing else comes close in cost at the required pallet level sales volume. Certainly not $1/gallon distilled water pallets or $5 bags of road salt.