From the Newmaverse: Inflation exaggeration

The Wall Street Journal ran a story about high gas prices on Feb. 17, with a photo of pump prices ranging from $4.79 to $5.49. I looked at the caption, and sure enough, it was a photo of a station in California, where gas prices are the highest in the nation, by far. The national average is more than a dollar lower, at around $3.50

That brought to mind Steve Capo of Englewood, Fla., near Sarasota, who writes to Yahoo Finance regularly to comment on exaggerations and mischaracterizations he…


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