Normally, I would defend the bike shop, but that price does seem out of line. I don't know the reason, but usually, bike shop prices on Park tools are the same as or only slightly higher than online prices.

But every business must have prices that are higher than rock bottom on some type of item. Maybe this shop has decided to do that with tools. Usually it's with things such as tubes, tires, and clothing. If they don't do this with something or other, they will not be able to survive.