From Sandy Hook to Cape May, rising gas/diesel prices impact the marine industry
At the Fishermen’s Dock Co-op along the Manasquan Inlet, the cost of fuel for privately owned commercial fishing boats comes out of the day’s catch, usually 10%. But with rising diesel prices, the percentage may increase to 30-40%. Some owners are wondering if it’s worth risking their crews’ lives for such a small return. “If these prices get up to $5, $6 a gallon, I don’t know if these boats will leave the dock,” says retired commercial fisherman Jim Lovgren. Video, >click to read< 09:09
Commercial long liner in Beaufort, SC didn’t take fuel this trip. Diesel was over $5.00 a gallon. Definitely hurting the fishing industry.