Written by Adrianne Madden
Monday, 28 April 2008
The whirring numbers at the gas pump are putting the squeeze on everyone these days.
This morning I read in the Portland (Maine) Press Herald about a convoy of commercial truck drivers from 25 states that's bound for Washington, D.C. Truckers are protesting the rising fuel costs that they say are evaporating their profits.
According to U.S. Department of Energy data, U.S. average gas prices have jumped from $2.86 a year ago to $3.50 as of April 21 this year. On the diesel front, prices skyrocketed from $2.85 last year to $4.14 this year.
Fishermen feel their pain. The Mobile (Ala.) Press Register tells the plight of shrimpers in Bayou La Batre. Their boats remain tied to the dock because of high fuel prices and low dock prices for wild-caught shrimp. The story notes that to cover fuel costs, a shrimper today must catch nearly 2 pounds of whole, head-on shrimp for every gallon of diesel burned.
Mix rising fuel costs with a steady supply of foreign, farmed-raised shrimp that depresses the wild-caught dock price, and you have a recipe for vessels tying up.
But the fuel crunch is affecting more prosperous fisheries, too. WPVI-TV in Philadelphia broadcast a story about how scallopers in Cape May, N.J., are wrestling with rising fuel costs. Diesel costs $3.75 at the Lobster House Dock in Cape May, meaning it'll run you $7,500 to fill a boat with a 2,000-gallon tank.
Scallopers are getting $7 a pound for their catch. But the fuel costs are quickly eating into the profit margin. And as in Bayou La Batre, some boats are tying up because the high diesel costs prevent them from making money.
Now I'm far from being an economics expert. But I see fishing boats and truckers unable to make money as fuel costs soar, and I don't even want to think about how the airlines are going to survive. I've even seen stories about folks here in Maine hocking household items just to have gas money to go to work and make it through the week.
All of which makes me wonder, if we're fast approaching a point where nobody can afford to buy fuel anymore, to whom, exactly, are the oil companies going to sell their product?
National Fisherman Live: 3/10/15
In this episode, Online Editor Leslie Taylor talks with Mike McLouglin, vice president of Dunlop Industrial and Protective Footwear.
National Fisherman Live: 2/24/15
In this episode:
March date set for disaster aid dispersal
Oregon LNG project could disrupt fishing
NOAA tweaks gear marking requirement
N.C. launches first commercial/recreational dock
Spiny lobster traps limits not well received
Alaska Gov. Bill Walker is required by state statute to appoint someone to the Board of Fisheries by today, Tuesday, May 19. However, his efforts to fill the seat have gone unfulfilled since he took office in January. The seven-member board serves as an in-state fishery management council for fisheries in state waters.
The resignation of Walker’s director of Boards and Commissions, Karen Gillis, fanned the flames of controversy late last week.
Keith Decker, president and COO of High Liner Foods, will take over for the outgoing CEO, Harry Demone, who will assume the role as chairman of the board of directors. The Lunenburg, Nova Scotia-based seafood supplier boasts sales in excess of $310 million (American) for the first quarter of the year.Read more...