Miles per gallon
How many miles a car can go on one gallon of gas. A higher number means the car uses less fuel.
Also called: mpg
In the news
How “miles per gallon” came up in recent issues.
- Oct 26Oil jumps and stocks slide: what it means for gas money
“To find the cost of a trip, you need one more number: miles per gallon (mpg), which tells you how far a car goes on one gallon.”
Related words
- Commodity
- A basic raw material, like oil, wheat or copper, that is bought and sold in large amounts. Its price moves with supply and demand.
- Crude oil
- Oil as it comes out of the ground, before it is made into gas and other fuels.
- Demand
- How much of something people want to buy at each price. When the price goes up, people usually buy less.
- Dow Jones Industrial Average
- A stock market index that tracks 30 large U.S. companies.
- Federal Reserve
- The U.S. central bank, often called the Fed. It raises or lowers a key interest rate to keep prices stable and jobs plentiful.
- Interest
- The price of borrowing money. Borrowers pay it, and savers earn it.
Test yourself in Word sprint · All money words
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