| 
               Date
                of Report (Date of earliest event reported) 
             | 
            
                                    November
                15,
                2006                       
             | 
          ||
| 
               PACIFIC
                ETHANOL, INC. 
             | 
          |||
| 
               (Exact
                name of registrant as specified in its charter) 
             | 
          |||
| 
               Delaware 
             | 
            
               000-21467 
             | 
            
               41-2170618 
             | 
          |||
| 
               (State
                or other jurisdiction 
              of
                incorporation) 
             | 
            
               (Commission
                File Number) 
             | 
            
               (IRS
                Employer 
              Identification
                No.) 
             | 
          |||
| 
                  5711
                N. West Avenue, Fresno, California   
             | 
            
                                               93711                                 
             | 
          |||
| 
               (Address
                of principal executive offices) 
             | 
            
               (Zip
                Code) 
             | 
          |||
| 
               Registrant’s
                telephone number, including area code: 
             | 
            
                                        (559)
                435-1771                          
             | 
          ||
| 
               | 
          |||
| 
               (Former
                name or former address, if changed since last
                report) 
             | 
          |||
| (a) | 
               Financial
                Statements of Businesses Acquired. 
             | 
          
| (b) | 
               Pro
                Forma Financial Information. 
             | 
          
| (c) | 
               Exhibits. 
             | 
          
| 
               Number 
             | 
            
               Description 
             | 
          
| 99.1 | 
               Press
                Release dated November 15, 2006 
             | 
          
| 
               Date:
                November 15, 2006 
             | 
            
               PACIFIC
                ETHANOL, INC. 
             | 
          
| 
               Number 
             | 
            
               Description 
             | 
          
| 99.1 | 
               Press
                Release dated November 15, 2006 
             |