GLOUCESTER (CBS) – Lobster prices are the lowest they’ve been in years and while that may be good for the consumer, it’s hurting local fishermen and seafood distributors.

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Monti Rome, the owner of Intershell Seafood in Gloucester, says it’s all about demand. Right now the demand is low, meaning lower lobster prices.

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WBZ NewsRadio 1030’s Kim Tunnicliffe reports

“Since the economy has not gotten any better, customers perceive lobsters to be a high price item,” says Rome. “Unless they’re very scarce, there is not the demand that there used to be.”

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Lower prices are also hurting fishermen. Right now they are getting about $3 a pound for lobster, but it takes about $4 a pound to break even.