.05/.10 spot with AQs

[Aceium]

I haven't been at the table very long, so there's no info on my opponents.

PokerStars 0.05/0.10 Hold'em (9 handed) Hand History Converter Tool from FlopTurnRiver.com (Format: 2+2 Forums)

Preflop: Hero is MP3 with A[img]/images/graemlins/heart.gif[/img], Q[img]/images/graemlins/heart.gif[/img]. CO posts a blind of $0.05.
<font color="#666666">1 fold</font>, UTG+1 calls, <font color="#666666">2 folds</font>, <font color="#CC3333">Hero raises</font>, CO (poster) calls, <font color="#666666">1 fold</font>, <font color="#CC3333">SB 3-bets</font>, <font color="#666666">1 fold</font>, UTG+1 calls, Hero calls, <font color="#CC3333">CO caps</font>, SB calls, UTG+1 calls, Hero calls.

Flop: (18 SB) 5[img]/images/graemlins/heart.gif[/img], J[img]/images/graemlins/diamond.gif[/img], 8[img]/images/graemlins/spade.gif[/img] <font color="#0000FF">(4 players)</font>
<font color="#CC3333">SB bets</font>, UTG+1 calls, Hero calls, <font color="#CC3333">CO raises</font>, <font color="#CC3333">SB 3-bets</font>, UTG+1 folds, Hero ?

My questions for this hand: Should I have folded for one bet on the flop even with two overs and backdoor draws? I could make this fold but only because there was action to go behind me. When there is raising behind me I am starting to think that my overs might not be good. Criticism at any point is welcome.