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Monday May 19, 2008, 12:11 PM
DETROIT -- Chrysler is extending its offer to subsidize gasoline prices for another month.

The deal caps gas at $2.99 per gallon with Chrysler paying the rest. It was to expire June 2, but now will go through July 7.

Chrysler Vice Chairman and President Jim Press said Monday the deal has resonated with consumers and raised sales leads by 25 percent since it was announced 12 days ago.

The Auburn Hills-based maker of Chrysler, Dodge and Jeep vehicles is offering to cap the price of gasoline for three years for people who buy or lease new vehicles.

The deal is based on 12,000 miles of driving per year and the vehicle's government fuel economy rating.

LINK:Chrysler extends gasoline subsidy offer until July 7 -
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