It had to have been cutting badly for a few times unless you lost all those teeth on the last use. It's taken years, but I've learned as soon as a tool isn't cutting like it should, the blade needs to be changed. In some situations, it actually becomes unsafe.
I'm totally in the replace (or sharpen) early and often camp. I had a summer job in a warehouse doing receiving. they were so stingy with box cutter blades, it was nuts. Someone cut themselves very badly using a ****** dull cutter, I don't doubt the workers comp claim cost them more than they saved in blades in a decade.
It's actually a pretty new blade, and I have no idea what happened to it. I don't remember what brand it is (I buy blades when they're on sale.) I don't use a circular saw a whole lot, most of its use is just lopping a 2x to length, or something similar. I don't cut up pallets, I don't use this saw on concrete. (I have a dedicated circ saw for that, it happens. Not that I cut that much concrete, it's just the saw got so filthy I'll never iuse it for anything else.) I had to make a bunch of cuts the last time I used it, and thought it was cutting very slow and with lots of pressure required, and some tearing at the end of the cut.