Great everyday red wine
Santonegro 2005 Monastrell -- an excellent, food friendly wine at $5.99 at Trader Joe's.
From the producer's site -- Tasting note: It has a violet red cherry color, aromas of red fruit, it is velvety and balanced on the palate, with excellent tannins.
By "everyday" I assume you're looking for an excellent red wine "reasonably priced":
Italian Valpolicella ripasso
Am drinking Penascal Tempranillo tonight from Publix @ $5.99...really quite good! Am surprised but am totally enjoying it!