It is highly unlikely. Water pipes are not air pressurized the way you might think. Any air in the pipes would be forced out by the water. You need to find the valve for your water pressure and turn it up. Typically they are by your water meter.
It is possible to have an air bubble caught in the line but all that is needed to remove the air bubble is to remove all water out of the lines and then repressurize them. If the problem persists, you have a kink in the line or something blocking it.
Water pressure can be adjusted at your pump. There is a high and low setting and you want to get it just right. Air in the pipes should have nothing to do with this. Get a plumber to come over and adjust your gauge to allow more water pressure. There is a certain number they try to stay in.