are starting to tick higher. the that move by the president right before thanksgiving to release a record amount of oil from the strategic petroleum reserve was made with a lot of fanfare but it really hasn t lived up to the hype. the national average is standing at $3.31 a gallon. it s only down 14 cents from the peak. and it s only it s up about three pennies from late december. all of this is going to add pressure on the white house to do something here, alisyn and victor. let s turn to this squeeze pun we heard from alisyn before the break. talking about oranges. the country s orange crop is expected to be the smallest in decades. why? and what does that mean for orange juice prices? well, definitely some bad news for orange juice drinkers. the usda is calling for the smallest florida orange harvest since world war ii. experts are blaming a disease known as citrus graining which is really hurting the harvest
to 14 years in prison for the murder of a black teenage, stevon moore, at least two decades ago. the judge said they committed a terrible and evil crime because of racial hatred. they were convicted with new forensic evidence that was not available back then. for the first time in more than 50 years, a british foreign secretary is in myanmar. william hague is meeting with government officials bringing a message of reform and offering britain s help. he s also meeting with pro-democracy leader aung san suu kyi. her party has been re-establi re-established and will be part of elections in april. those are the top stories from cnn. world business today starts right now. good morning from cnn london. i m charles hodson. and good afternoon from cnn hong kong, i m andrew stevens. you re watching world business today. our top stories this thursday, january 5th european investors are on edge as greece sounds the alarm and france faces a big test on the bond markets. a
2010 and the prize already is high and this is the second major freeze to lay a sheet of ice over the crop down in florida. not just the oranges but we are also talking about the strawberry crop that froze over down in florida so farmers down there have been fretting offer the damage but potential long-term effects on the crops down south, so, after we did lit a 3 1/2 year high in the orange juice contracts after we came back, the first trading day after the blizzard the futures sold off a bit today but, now, this is growing concern that the temperatures is going to heat up down in florida and farmers say sometimes that can lead to the fruit dropping off the trees so we are likely to see the prices continue to move around and orange juice futures still up 30 percent this year and that could lead to higher orange juice prices as we head through the harvest down in florida. thank you, sandra.