Fuel Prices Hurting Lobstermen
March 9, 2012
Eatocracy: Dave Casmi has made his living fishing for lobsters along the coast of Cape Cod, Massachusetts, for 40 years. But he and other lobster fishermen are asking themselves if it’s even worth untying their boats from the dock anymore.
In today’s market, they are suffering from an economic triple whammy: High fuel prices mean it’s more expensive to trap lobsters, and the recession finds fewer people splurging on their catch. Plus, a lobster’s market value begins depreciating the moment it’s caught.
“I’m getting what I got 15 years ago,” he said, referring to the amount distributors are paying for his catch. “Just how long would you spend $3 to make $4?”