Unfortunately, it is all to common to see improper image formats used in web and blog pages. Even people who should know better are stuck in a JPEG rut, when JPEG encoding severely degrades the quality of the image. In Export Chart as Image File and Image File Type Comparison of Exported Charts I have tried to explain why PNG is a better image format for Excel charts.
JPG is for photographic images, and for art with continuously varying color gradients. PNG is for line art, screen shots, text; in short, for most anything computer-related. Even the ancient GIF format is usually better than JPG.
To the rescue comes Louis Brandy. In My First and Last Webcomic Louis cleverly shows the difference between the two image formats, in xkcd style.
Thanks to Karl Peterson for the link.