
On my way to lunch last week, I passed a local gas station and they had gas at 3.74, after lunch gas was 3.87. However a recent report from our government said prices are falling. (Source) In fact they show prices have fallen since 2004! I want to know where they buy their gas from!
Well... come to find out it is just as my high school physics teacher told me "Statistics is like a bikini... what it reveals is suggestive, but what it withholds is vital!" The more reports I see from the government, the more I see that this statement is spot on.
It looks like the government is "adjusting" the numbers. Here is a link to a article from an Institute of Energy Research economist who explains the adjusting and shows the real numbers, now do you trust them to say we are not in a rescission?
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