Characteristics of an Elliptical Orbit
Most of the celestial bodies in the Solar System, including the planets, orbit around the Sun in more or less elliptical orbits. The term perihelion refers to the closest point to the Sun in an object's elliptical orbit (point 2 of the image), and the term aphelion refers to the furthest point from the Sun (point 1 of the image). The object may be a planet such as the Earth, a satellite or another celestial body. Both terms have Greek roots, 'helios' means the Sun, 'peri' means close to and 'apo' means away from.
Due to the fact that Earth orbits the Sun in an almost circular orbit, the Sun is close to the center of the orbital path. This makes the distance variation of the two points, aphelion and perihelion, very small compared to the distance variations of other planets. More specifically, when the Earth reaches the perihelion around January the 3rd, it is 91,445,000 miles (147,166,462 km) away from the Sun. On the other hand, when the Earth reaches aphelion around July the 4th, it is only 94,555,000 miles (152,171,522 km) away from the Sun. This makes the average distance from the Sun to around 93 million miles.
Another important fact is that a planet or a satellite moves more slowly at aphelion and more quickly at perihelion according to Kepler's 2nd Law. When the Earth is at aphelion its potential energy is at its maximum and its kinetic energy is at its minimum. The opposite happens when the Earth is at perihelion. The potential energy is minimum and the kinetic energy is maximum. The whole phenomenon results in a slight difference in duration between the summers of the two hemispheres; Northern Hemisphere's summer is 2 to 3 days longer than the Southern Hemisphere's summer.
Apart from perihelion and aphelion, there are more general terms that describe the furthest and the nearest point of an elliptical orbit. These are the apoapsis or apicenter and the periapsis or pericenter of the orbit respectively. When referring to the Earth, the closest point is called perigee and the furthest point is called apogee. For a more detailed explanation on the two Earth-related terms visit the article: "Apogee and Perigee - The Near and Far of Orbits".