Catalyzes the conversion of fatty acids such as long-chain and very long-chain fatty acids to their active form acyl-CoAs for both synthesis of cellular lipids, and degradation via beta-oxidation (PubMed:10954726, PubMed:12975357, PubMed:24269233). Can activate diverse saturated, monosaturated and polyunsaturated fatty acids (PubMed:10954726). {ECO:0000269|PubMed:10954726, ECO:0000269|PubMed:12975357, ECO:0000269|PubMed:24269233}. This is the function of ACSBG1 (acyl-CoA synthetase bubblegum family member 1, ENSG00000103740).