Pretty funny, how quotes from yesteryear are being used to boost up the Obama failure image.

In August 2008, the cost of a gal of gasoline fell to $3.74 and continued to fall until the price averaged $2.07 just after Election Day in November, when Mr. Obama was elected president.
The cost of gas was $1.84 just six days after President Obama's inauguration.

Source: Consumer Reports

Obama was sworn in as president on January 20, 2009. In the week that ended on January 19, 2009, the weekly retail gasoline price in the U.S. was $1.90/gallon. In May 2011 retail gasoline prices averaged above $4/gallon for three straight weeks. The most recent retail price — for the week ending September 10, 2012 — was $3.91/gallon. So prices were more than double what they were when Obama was sworn in. So, regardless of how you manipulate numbers, one can say that gas prices did double during Obama's first term.