The Washington Business Journal tips us off to a new entrant in the discount bus service from D.C. to New York market. BoltBus, a division of Greyhound Lines Inc., began selling tickets tickets through its web site on Monday, and launches its service on March 27.

There are a lot of options for cheap bus rides to New York, so what makes BoltBus different? It operates on the EasyJet principle, where tickets start out dirt cheap and get more expensive as the bus gets fuller. One-way tickets start as low as $1 (!) plus a 50 cent booking fee, and go up from there. I just purchased a ticket for $7, and if I had been willing to leave on a Saturday afternoon the same weekend, it would have cost me only $1. Boltbus will offer eight trips daily between the two cities, and has a frequent rider program that gives you a free one-way ticket for every eight round trips purchased.

And as if $1 tickets weren’t enough of an incentive, BoltBus also offers wireless internet access, much like relative newcomer DC2NY. Think the Chinatown buses are a little nervous?