Driving a fuel-efficient car isn't the only way to save

With the price of oil and gasoline hitting record highs, it's time to wake up and face the crude truth on how you can save money on energy costs.

As commodity traders push oil prices ever higher as the dollar recedes, there's little, if any, relief in sight at the fuel pump or from soaring utility bills.

Yet the deer-in-the-headlights attitude that most investors, vehicle owners and homeowners adopt is misguided. There are quite a few actions you can take to beat the escalating cost of energy.

The most common response to high gas prices is to buy a high-mileage vehicle.

If you have a long commute or simply drive a lot, you'll immediately see the savings. There will be longer times between fill-ups. It may not make sense to pay a premium for these cars, though.


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