FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
TURNER RYAN W
   2. Issuer Name and Ticker or Trading Symbol
Pacific Ethanol, Inc. [PEIX] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Operating Officer
(Last)
(First)
(Middle)
5711 N. WEST AVENUE		 3. Date of Earliest Transaction (Month/Day/Year)
04/18/2006
(Street)

FRESNO, CA 93711		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 04/18/2006   S   3,000 D $ 29.8941 911,166 D  
Common Stock 04/18/2006   S   5,000 D $ 29.9686 906,166 D  
Common Stock 04/18/2006   S   5,000 D $ 30.11 901,166 D  
Common Stock 04/18/2006   S   5,000 D $ 30.2086 896,166 D  
Common Stock 04/18/2006   S   3,000 D $ 30.485 893,166 D  
Common Stock 04/18/2006   S   8,000 D $ 30.5545 885,166 D  
Common Stock 04/18/2006   S   5,000 D $ 30.5985 880,166 D  
Common Stock 04/18/2006   S   10,000 D $ 30.7959 870,166 D  
Common Stock 04/18/2006   S   2,000 D $ 30.8815 868,166 D  
Common Stock 04/18/2006   S   5,000 D $ 30.97 863,166 D  
Common Stock 04/18/2006   S   10,000 D $ 31.0422 853,166 D  
Common Stock 04/18/2006   S   5,000 D $ 31.0683 848,166 D  
Common Stock 04/18/2006   S   9,500 D $ 31.3241 838,666 D  
Common Stock 04/18/2006   S   9,000 D $ 31.4153 829,666 D  
Common Stock 04/18/2006   S   8,000 D $ 31.6865 821,666 D  
Common Stock 04/18/2006   S   12,000 D $ 31.8137 809,666 D  
Common Stock 04/18/2006   S   5,000 D $ 32.056 804,666 D  
Common Stock 04/18/2006   S   10,000 D $ 32.1473 794,666 D  
Common Stock 04/18/2006   S   10,000 D $ 32.3568 784,666 D  
Common Stock 04/18/2006   S   10,000 D $ 32.407 774,666 D  
Common Stock 04/18/2006   S   5,000 D $ 32.5153 769,666 D  
Common Stock 04/18/2006   S   10,000 D $ 32.5394 759,666 D  
Common Stock 04/18/2006   S   15,000 D $ 32.5414 744,666 D  
Common Stock 04/18/2006   S   100 D $ 32.55 744,566 D  
Common Stock 04/18/2006   S   100 D $ 32.58 744,466 D  
Common Stock 04/18/2006   S   20,000 D $ 32.6202 724,466 D  
Common Stock 04/18/2006   S   300 D $ 32.63 724,166 D  
Common Stock 04/18/2006   S   10,000 D $ 32.6613 714,166 D  
Common Stock 04/18/2006   S   5,000 D $ 32.7351 709,166 D  
Common Stock 04/18/2006   S   10,000 D $ 32.7412 699,166 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
TURNER RYAN W
5711 N. WEST AVENUE
FRESNO, CA 93711		       Chief Operating Officer  

Signatures

 /s/ Ryan W. Turner   04/20/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Remarks:
This is Part 1 of 2 of this form. There are more than 30 transactions to report.

Mr. Turner also owns 7,500 shares indirectly as custodian for son and 7,500 shares indirectly as custodian for daughter.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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