In today’s tough economic climate, we’re all seeking ways of cutting down on expenditure wherever and whenever possible. However, the rising prices of a number of key commodities mean that this isn’t always as easy as it seems. Oil prices for instance have risen dramatically in recent years and the poor performance of the pound has made things even worse meaning car travel is more expensive than ever.These trends have forced many to consider ditching the car in favour of walking or using public transport. The problem is many of us need to use our own vehicle for transporting kids, getting to work or doing the weekly shop. The good news is there are a number of things that can be done to reduce the impact of the rise. Follow these ten tips to keep your petrol tank and bank balance bountiful...Shop around for fuelFuel prices vary greatly, so it makes sense to use a little forward planning when you next fill up. Learn which garages are cheapest and become loyal to them. This forces other suppliers to reduce costs to stay ahead of the competition. Using a fuel price comparison site like PetrolPrices.com allows you to find the cheapest fuel in your area.Check your tyre pressureIncorrectly pressured tyres can create drag and make your vehicle more expensive to run. Checking the pressure regularly makes your car drive optimum, reducing journey costs by making it as effective as possible.Drive with the windows closedStreamlined cars use less fuel, and having windows open creates more resistance, making your engine work harder and therefore use more petrol. Even removing a roof rack can reduce petrol consumption, making your car more economical to run.Cut down on the air conUsing air conditioning is a way of drinking fuel without noticing. It’s surprising how much petrol it can take to keep a car cool on a long journey. Where possible, turn your air conditioning down or even off, and keep an eye on the fuel gauge to see just how much difference this simple step can make to the overall cost of a journey.Get your car regularly servicedVehicles which are not properly serviced on a regular basis can make them much less efficient when it comes to using fuel. By checking your car in for a service, you streamline the engineering and keep everything running smoothly.Get your shopping deliveredLetting your supermarket carry the petrol costs by delivering your weekly shopping is one way of cutting costs. It has never been easier to pick exactly what you want and have it delivered at a suitable time.Careful, Forward PlanningThese days, most of us benefit from a satellite navigation system which enables us to plot our routes before we embark on any journey. The average SatNav options choose the quickest or most economical route for you. Take five minutes before you set off and check out the route to see if there are any corners that can be cut.Reduce your insurance costsIt doesn’t matter how efficiently you drive or where you go for petrol, you’re still likely to have to pay more for it than you would like. So, if you can bring down your motoring costs elsewhere, you could take some sting out of the hike. When it comes to renewing car insurance, comparing different quotes and finding the best possible price can significantly reduce costs. The stats show that you can save an average of £218 a year by using car insurance comparison site and that will offset a fair amount of fuel hikes.Car shareSimple, but effective way of cutting fuel costs. Groups of people heading the same place can join together to cover transport. This shares fuel costs, reducing parking tariffs and also cuts down on the overall wear of your vehicle.WalkThere is time when all of us could walk instead of driving. Although train prices are increasing, there is still the option to walk to the local shop instead of doing a supermarket trip. Similarly, make an evening out of a social call, this way all parties can enjoy a few drinks without having to worry about a designated driver.