I'm not sure who down voted your question or why (but I can guess).
According to http://msdn.microsoft.com/en-us/library/system.io.streamwriter.autoflush.aspx, using AutoFlush
will definitely slow down your code. You need to do some testing to determine how much it'll slow down, and whether getting the log messages is worth the cost.
If I were you I'd seriously review the logging - do you really need that much data, every day? My guess is that your program's performance will increase dramatically if you can eliminate most if not all of it.
If for whatever reason you cannot eliminate the logging, then take a look at some logging libraries like log4net or Enterprise Logging. See How to do logging in c#? for more info. Those libraries have been written and thoroughly performance tested by people with way too much time on their hands; the library is less likely to contain errors or bottlenecks than home-grown code.