| 
               Date
                of Report (Date of earliest event reported) 
             | 
            
               November
                9, 2007 
             | 
          
| 
               PACIFIC
                ETHANOL, INC.  
             | 
          |||
| 
               (Exact
                name of registrant as specified in its
                charter) 
             | 
          
| 
               Delaware  
              (State
                or other jurisdiction 
              of
                incorporation) 
             | 
            
               000-21467 
              (Commission
                File Number) 
             | 
            
               41-2170618 
              (IRS
                Employer 
              Identification
                No.) 
             | 
          |
| 
               400
                Capitol Mall, Suite 2060 
              Sacramento,
                California 
             | 
            
               95814 
             | 
          |||
| 
               (Address
                of principal executive offices) 
             | 
            
               (Zip
                Code) 
             | 
          |||
| 
               Registrant’s
                telephone number, including area code: 
             | 
            
               (916)
                403-2123 
             | 
          
| 
               | 
          |||
| 
               (Former
                name or former address, if changed since last
                report) 
             | 
          
| 
               Item
                2.02. 
             | 
            
               Results
                of Operations and Financial
                Condition. 
             | 
          
| 
               Item
                9.01. 
             | 
            
               Financial
                Statements and Exhibits. 
             | 
          
| 
               Number 
             | 
            
               Description 
             | 
          
| 
               | 
            
               99.1 
             | 
            
               Press
                Release dated November 9, 2007 
             | 
          
| 
               Date:  November
                9, 2007 
             | 
            
               PACIFIC
                ETHANOL, INC. 
             | 
          
| 
               By:
                /S/ CHRISTOPHER W.
                WRIGHT                            
                 
             | 
          |
| 
               Christopher
                W. Wright 
             | 
          |
| 
               Vice
                President, General Counsel and
                Secretary 
             | 
          
| 
               Number 
             | 
            
               Description 
             | 
          |
| 
               99.1 
             | 
            
               Press
                Release dated November 9, 2007 
             |