We've all seen it at the gas pumps, fuel has risen considerably.

Prices for all kinds of heating -- natural gas, fuel oil, electricity and propane -- have all risen since last year. But thanks to a warm winter and higher inventory levels, the price of natural gas is continuing to decline. We're pleased to pass along these savings to our customers in Miami-Dade, Brevard, St. Lucie, and Indian River counties.

Wait a minute. What did you just say? You're predicting $4-a-gallon gas? ... That's interesting. I hadn't heard that.

If fuel prices had not risen to record levels, we would have achieved it.

The lake has risen higher than I've ever seen in my lifetime, Everyone who wanted to got out.

Yes, Greenspan does admit the obvious, that the real federal funds rate has risen considerably, but he quickly concludes that the rate 'remains fairly low'. This is Fed-speak for the notion that the Fed will continue to raise rates by a quarter percentage point...as far as the eye can see.