the aggregate number of miles traveled over in a given time.
length, extent, or distance in miles.
the number of miles or the average distance that a vehicle can travel on a specified quantity of fuel: the car gets good mileage.
wear, use, advantage, or profit: She won't get much more mileage out of this old coat.
an allowance for traveling expenses at a fixed rate per mile: His mileage came to $90.
a fixed charge per mile, as for railroad transportation.
Also, milage.

1745–55, Americanism; mile + -age Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
mileage or milage (ˈmaɪlɪdʒ)
1.  a distance expressed in miles
2.  the total number of miles that a motor vehicle has travelled
3.  allowance for travelling expenses, esp as a fixed rate per mile
4.  the number of miles a motor vehicle will travel on one gallon of fuel
5.  informal use, benefit, or service provided by something: this scheme has a lot of mileage left
6.  informal grounds, substance, or weight: some mileage in the objectors' arguments
milage or milage

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

1754, "fixed rate per mile," from mile + -age. Meaning "a total number of miles" is from 1861.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
If you're going to be fanatical about something, there are worse things to
  obsess over than fuel mileage.
Reducing aggressive driving on the highway can improve your gas mileage
Stricter gas mileage requirements may be a headache for car manufacturers, but
  the aluminum industry views them as good news.
Your mileage may vary depending on what field you're in.
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