The other day I was reading a comment over on The Oil Drum that I thought was an interesting idea. Basically, the reader was banking the money that he should have spent on oil prices if they had stayed at market prices from last summer.
So, for example, you use the high of $5.20 per gallon of gas (the reader had set a floor for energy prices at $4.00 per gallon, so this is flexible), what you would do is save the difference for what you are actually paying now, like the $2.20 per gallon at my nearest gas station. For example, let's say I filled up with 10 gallons of gas at $2.20. Compared to last summer's $5.20 a gallon (in some areas of CA), I would put that $30 difference into savings.
What do you do with the money you save? Well, use that money to invest in energy saving upgrades for your house. Or save towards a more fuel efficient form of transportation. The reader had managed to save enough from gas, heating oil and propane, using the high of last summer's oil prices as the baseline, to purchase a tankless hot water heater for his home.
I thought this was an interesting idea to take advantage of current low fuel costs yet forces a saving program to help with future energy costs. Is this something you would be interested in doing or are you just happy that oil costs are dirt cheap right now?