Simple answer, yes you should be adjusting tire pressures as the temp starts dropping. Usually when the temp starts dropping, the track will start losing a little grip also because moisture will come back up, especially night racing...now this is not always the case at all tracks, some do get faster when moisture comes back up or sits on the track so it really is track dependent like ABR said. Generally you'll use lower air pressures when it is colder out. Also, keep a check on air pressures when you are racing in cold weather, if you set the air at say 5lbs and temp keeps dropping, you'll find that over time just sitting around the air pressure will drop slightly in the tires because of the cold weather, I assume for the same reason that tires gain air sitting in the sun or in hot weather, the air expands with temperature