No.

Acetone is not a very good solvent of petroleum products. Drop a grease or oil soaked bolt into a bottle of acetone and cover it up to prevent evaporation. When you come back tomorrow--it will look like nothing happened. Already tried it.

You need to use brake cleaner from an aerosol can, or methylketone or 111 trichlorethane. Any of those will dissolve petroleum based products very nicely. I probably didn't spell those last 2 correctly. The brake cleaner will be easier to get.