Tag Archives: price of fuel
Port Isabel EDC helps keep shrimpers afloat with financial assistance
The Gulf shrimp industry is struggling to stay afloat against a flood of cheap imported shrimp, and Brownsville-Port Isabel’s shrimp industry is far from immune. It’s not a new problem, but this year the Port Isabel Economic Development Corporation opted to take action, in the form of financial assistance to help shrimp boat owners pay for fuel. Port Isabel City Manager Jared Hockema said the EDC provided six grants of $10,000 each to individual boat owners on a first come, first serve basis. To be eligible, boat owners had to be based in Port Isabel and had to have operated a boat or fleet last year, he said. The city, meanwhile, made sure there was no overlap in ownership among recipient companies, so no one got more than their share, Hockema said. more, >>CLICK TO READ<< 10:03
Louisiana shrimpers struggle to make ends meet after prices plummet
“We’re just steady shrimping for nothing,” Cameron Parish shrimper Anthony Theriot said. Theriot says the return on investment is making him reconsider leaving the dock each day. “It’s about $450 a day, with the price of fuel right now that’s 100 gallons of fuel with a little bit of snacks to eat, you go out, you catch 1,000 pounds of shrimp, 1,000 pounds of 50/60′s right now, you’re looking at $650 at 65 cents a pound, at $650, it costs $450 to go catch them, you have crew members looking at you wanting to make money so by the time you divide it all up, you have nothing there,” he said. Video, >click to read< 09:37
Shrimping industry facing historic challenges
Andrea Hance, executive director of the Texas Shrimp Association, headquartered at the Port of Brownsville, said in April that the high cost of fuel was preventing a lot of boats from going out. The price of fuel has fallen in recent weeks, though in a case of unfortunate timing some owners filled up before prices starting dropping, she said. With a typical fuel tank capacity of 15,000 to 20,000 gallons, 10 or 15 cents either way makes a big difference, said Hance, who owns two shrimp boats with her husband, Preston. One of the boats is in dock for repairs and the other was filled up at $4.40 a gallon of diesel — before it started coming down, she said. >click to read< 10:04
Bristol Bay Fisheries Report: June 28, 2022
The price of fuel is on the rise in the United States and many industries are feeling the pressure. Rural areas generally face higher prices for fuel, but in recent months, Bristol Bay residents have seen those prices creep even further. Bristol Fuels in downtown Dillingham Gas set their price at $5.49. In Naknek, the same company charges even more, at $6.64 per gallon. Shannon Williams is based out of Naknek and fishes on the east side of the bay. She said that she’s going to need to work harder to keep up with expenses. “It’s gonna be hard,” she said. “I’ve got to pick a lot of fish to pay my bill.” >read, or listen to the report< 18:39
Peter Pan Seafoods announces price increase to $1.15 per pound for Bristol Bay sockeye – Peter Pan’s vice president, Jon Hickman, says the price bump is part of the company’s assessment of the season so far. “And wanting to relay that to the fishermen, as we consider our business partners in this industry, that we believe we can go a little higher,” >click to read<
