PEI – Lobster prices remain low as fuel and bait cost soar

The cost of fuel and bait continue to cause concern as fishers in LFA 24 reach the halfway point in their season. “Expenses are at a high right now,” said Korbin Fraser, Captain of the No Worries, based in Northport. “You really got to watch what you’re spending on fuel and bait because your profit can go out the window pretty quick.” Shane Gavin, captain of the Miss Holly 86, based in Seacow Pond, commiserates with Mr Fraser on the expense of these necessities. “You gotta have bait and fuel, you can’t do nothing about it,” said Shane Gavin. “I just hope the lobsters stay where they’re at right now for a while anyway, for another couple of weeks.” While expenses have been increasing, prices haven’t. >click to read< 10:19

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