Oil price fluctuations

2 things impacted the oil price last week. 1. Demand decreased in US 2. Market sentiments
Per last week demand for oil in USA reports, decrease of 5 percent. US people have recognized that immediate way to beat oil prices is to reduce the demand. and it is quick. They started using less fuel than normal consumption. As it is simple Supply demand economic problem of basics, as the demand decreases price also decreases.
Market sentiments reflected on statements from financial authorities relating to subprime crisis and Job market scenario in US.
I understand, as Indian I need to learn that how can I also reduce my oil consumption. start practicing for 10 percent reduction. that will help us to increase supply levels.