Convert Audio CDs to MP3 using cdparanoia and bladeenc

Insert the CD in the CDROM drive and give the following commands:
$ cdparanoia -B
$ for i in *.wav; do bladeenc -256 -rawfreq=48000 $i $i.mp3; done

You can download Blade Encoder for your distribution. Look for BEnc*.rpm if you are on Fedora on the internet.