Lobstering Is Teetering on Shutdown
Lobstermen are considering keeping their boats at the dock because the price they get for lobsters has dropped to 1970s levels.
Lobstermen are being offered less than $2 per pound for their catch compared to more than $4 a pound in recent years. The price isn't enough to pay for their expenses, which include fuel, gear, bait, and a sternman's salary. A glut of landed lobsters is to blame for the low price.