finance
Shrimp Boat Captains Cite Rising Diesel Prices as Threat to Industry Profitability
Shrimp boat captains in Texas reported that increased diesel fuel costs are making operations unprofitable. They linked the price surge to the ongoing Iran conflict. One captain stated that the industry could disappear if conditions persist.
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BROWNSVILLE, Texas — Shrimp boat captains have reported that rising diesel prices are severely impacting their ability to operate profitably, according to an NBC News report. The price increases have been attributed to the conflict with Iran.
Of last week, filling the fuel tank on Capt.
Wilmer Ruiz's shrimp boat cost approximately $80,000. To break even, the crew would need to catch nearly three times their usual amount of shrimp.
Boat captains told NBC News that the current conditions could lead to the disappearance of the industry. The report was published on April 26, 2026.
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