From:"A Treatise on DIY CO2 Systems for Freshwater-Planted Aquaria"
"Getting the gas to the tank water is the next consideration. Tubing should be selected based upon several factors. One is pressure retention, or the ability of tubing to retain its shape under pressure. As tubing is put under pressure, it should not expand in relation to its diameter. Also the tubing will need to be inert; meaning not break down over time due to chemical reaction with the CO2 gas internally or the air or water externally. This pretty much eliminates standard airline tubing used for fish tank aeration. Another consideration is flexibility.
A good candidate for this application is silicon tubing. It does not react with CO2 as quickly, has good pressure retention characteristics and is very flexible. There is also special tubing designed specifically for carrying CO2 gas, and I would encourage spending the few extra dollars needed to use this. But silicon tubing will last for several years, and is in keeping with the cost savings approach DIY implies"