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

OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(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 _____ Officer (give title below) __X__ Other (specify below) former Chief Operating Officer (Last) (First) (Middle) 5711 N. WEST AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 04/20/2006 (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 04/20/2006   S   5,000 D $ 28.8199 366,166 D   Common Stock 04/20/2006   S   5,000 D $ 28.8629 361,166 D   Common Stock 04/20/2006   S   5,000 D $ 28.9002 356,166 D   Common Stock 04/20/2006   S   5,000 D $ 28.9055 351,166 D   Common Stock 04/20/2006   S   15,000 D $ 28.9218 336,166 D   Common Stock 04/20/2006   S   5,000 D $ 28.9474 331,166 D   Common Stock 04/20/2006   S   4,500 D $ 28.9986 326,666 D   Common Stock 04/20/2006   S   10,000 D $ 29.0174 316,666 D   Common Stock 04/20/2006   S   10,000 D $ 29.0334 306,666 D   Common Stock 04/20/2006   S   10,000 D $ 29.0502 296,666 D   Common Stock 04/20/2006   S   5,000 D $ 29.0531 291,666 D   Common Stock 04/20/2006   S   10,000 D $ 29.0599 281,666 D   Common Stock 04/20/2006   S   10,000 D $ 29.0765 271,666 D   Common Stock 04/20/2006   S   10,000 D $ 29.083 261,666 D   Common Stock 04/20/2006   S   10,000 D $ 29.0844 251,666 D   Common Stock 04/20/2006   S   2,500 D $ 29.1177 249,166 D   Common Stock 04/20/2006   S   10,000 D $ 29.1398 239,166 D   Common Stock 04/20/2006   S   10,000 D $ 29.2471 229,166 D   Common Stock 04/20/2006   S   25,000 D $ 29.2518 204,166 D   Common Stock 04/20/2006   S   15,000 D $ 29.3152 189,166 D   Common Stock 04/20/2006   S   25,000 D $ 29.3311 164,166 D   Common Stock               7,500 I As custodian for son Common Stock               7,500 I As custodian for daughter

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

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				former Chief Operating Officer

Signatures

/s/ Ryan W. Turner		04/21/2006
**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 2 of 2. There were more than 30 transactions to report.

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

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.