Crossword Genius

Local drink's consumed a great deal (7)

Ross

I believe the answer is:

bargain

'great deal' is the definition.

'local drink's consumed a' is the wordplay.
'local' becomes 'bar' (local can mean someone's local pub).
'drink' becomes 'gin' (gin is a kind of drink).
'consumed' is an insertion indicator.
'gin' going around 'a' is 'gain'.
'bar'+'gain'='BARGAIN'

(Other definitions for bargain that I've seen before include "Deal; cheap buy" , "Good buy" , "Favourable transaction" , "Barter, negotiate" , "Count on" .)

I've seen this clue in The Times.
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