It's very easy, cheap, and you'll own the tool when you're done.
1. Buy a compression tester. Maybe $25-30 at any auto parts store.
2. (Preferably on a warm engine) Pull all the spark plugs out.
3. Disable the fuel and the spark, usually by pulling the fuel pump relay, and unplugging an ignition module or pulling ignition fuse.
4. Block the throttle body open. I open it all the way, and use a clamp or locking pliers (vice grips) to hold the throttle linkage open at the throttle body.
5. Screw adapter from tester/gauge into one spark plug hole.
6. Crank engine over several revolutions. Check gauge.
7. Repeat 5 and 6 for each of the other cylinders. The compression PSI should be relatively uniform over all of the cylinders (no more than maybe 5-10% difference).
8. Starting at the first cylinder, squirt a little motor oil (like a teaspoon) into the cylinder, and do the test again. This will help seal up the rings, IF there's a ring sealing problem. If the PSI for any given cylinder goes up after the application of oil, then the rings aren't sealing very well. If it doesn't change much or at all, then the compression rings aren't part of the problem.
You can do this test in 1/2 hour to an hour if you've never done it. It would go a long way to diagnosing the problem.
http://www.2gnt.com/www/corbin/comp.html