Yes, it can. If the tank is very low on air and the tank is acting like it's waterlogged, the pump would be turning on and off rapidly which would make it seem like you have low pressure. If this is the case, you are doing harm to your Pump Motor.
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Your pump has a leak and the water in the pressure tank is going back down into your well. The only other possibility is that you have a leaking pipe in/under your house. If that's the case, get it fixed immediately or you will have irreversible mold damage.
House water pressure should be around 50-60 psi.
If on a well, check filter coming into house. It will drop pressure if clogged really badly. Change filter, also small blue bladder tank may be bad. Tube inside tank busted. If tank is bad you will need to replace bladder tank. When this rubber tube inside tank burst it causes tank to fill completely fill with water and becomes water logged. The last thing it could be but unlikely is foot valve going bad in well.
House pressure, 75 PSI maximum.
Area water authority could have increased water main pressure, no or defective expansion tank in house main water line if house has a backflow preventer installed, or defective /not properly set pressure reducing valve.