Over the past six months, the price local lobstermen are earning for their catch has plummeted -- dropping from about $6 a pound in the spring to less than $3 now. At the same time, the cost of diesel and bait has surged.
Eddie Hook, owner of the Boston-based wholesaler James Hook & Co., said he can't remember the industry facing such dire straits. He's now selling lobster -- at the downtown location that burned down this year -- for $5.99 a pound, down from $7.99 a pound a few weeks ago.
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