WATCH LIVE

Lobster Prices 

But with poor weather conditions and much of their fishing gear pulled from the water, not many fishermen are reaping the rewards. Still, the industry says the price rise is a welcome change from the rock-bottom prices of recent months.

Prices plunged when the global economy took a dive last fall, resulting in a glut of

lobsters on the market and bargains for lobster lovers. But supplies have since decreased, thanks in part to strong holiday sales.