Here we go again…Gasoline prices top $3 a gallon

But oil and gasoline futures fell on light volume Friday. Analysts said traders had little news to drive buying or selling, but may have sensed that the gasoline market has topped out.

According to the Oil Price Information Service and AAA, the national average price of a gallon of gasoline hit $3.012 Friday, up 2.1 cents overnight. Prices at the pump generally lag the futures markets, so consumers can end up paying more for gas even as futures prices drop.

Gasoline futures for June delivery fell 3.12 cents to settle at $2.2164 a gallon on the New York Mercantile Exchange.

? ? ‘ ?

ROCHESTER, N.Y. (AP) ? Eastman Kodak Co. posted a smaller first-quarter loss Friday _ its ninth quarterly deficit in the last 2 1/2 years _ as it applies the final cost-cutting touches to a drastic digital makeover. The results still missed Wall Street expectations and its shares dipped nearly 5 percent.

The photography company lost $151 million, or 53 cents a share, in the January-March period versus a loss of $298 million, or $1.04 a share, a year ago when it took hefty charges tied to its massive overhaul.

Sales fell 8 percent to $2.12 billion from $2.89 billion a year ago, hurt by Kodak’s move away from lower-priced cameras in favor of marketing pricier but more profitable models.

Its overall digital sales fell 3 percent to $1.2 billion, while revenues from film, paper and other traditional, chemical-based businesses slumped 13 percent to $896 million.