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According to the EIA, U.S. energy consumption of all types is expected to increase over the next 25 years. Transportation energy is expected to increase at a compound rate of about 1.1 percent through 2030. While most of that need will continue to be met by the oil industry, biofuels use is also expected to increase and meet more of the country’s demand for fuel. Ethanol use will increase rapidly from current levels, says the EIA. This primarily due to EPA requirements that ethanol is blended in gasoline in higher percentages each year. Ethanol blended into gasoline accounted for 4.3 percent of the total gasoline pool by volume in 2007, and it is projected to account for 7.5 percent in 2012, and 7.6 percent in 2030. Overall, says the EIA, gasoline consumption is projected to increase by 34 percent on a volume basis from 2007 to 2030.
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