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NEW YORK (AP) - The average price of gasoline topped $3 a gallon at the pump Friday, amid growing concerns that refineries are simply not making enough gas to meet peak summer demand.
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.
"We're probably pretty close to the peak on retail gasoline," said Kevin Lindemer, executive managing director of Global Insight's energy group.
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