The C02 can cause a bit of a false reading, but I don't think in most cases it is enough to affect things a lot. If you spin the hydrometer, it oves the bubbles away from it to avoid the bubbles rising the hydrometer much. If you had a lot of wine, you can take a test jar full of wine, put it in the microwave to heat it a bit, driving off the gas. Let it cool back to room temperature and take the reading. Best to throw it away afterwards-hence the reason I say if you have a large batch. I don't think the difference is worth the small amount it might be off.