A static pulse bus circuit and method having dynamic power supply rail selection reduces static and dynamic power consumption over that of static pulse bus designs with fixed power supply rail voltages. Every other (even) bus repeater is operated with a selectable power supply rail voltage that is selected in conformity with a state of the input signal of the bus repeater. The odd bus repeaters are operated from the lower of the selectable power supply voltages supplied to the even repeaters. The odd bus repeaters may also be operated from a selectable power supply rail voltage opposite the selectable-voltage power supply rail provided to the even bus repeaters, in which case the opposing rail of the even bus repeaters is set to the higher of the voltages selectable in the odd bus repeaters.