Supply and demand: Shortages across America run deep, with no end in sight Economic fallout of COVID-19 From gas prices to new and used cars, tires, and everyday items like paper â costs are going up as demand exceeds supply. and last updated 2021-05-11 18:14:41-04 TAMPA, Fla. â How Floridians go from A to B is getting more expensive. From gas prices to new and used cars, tires, and everyday items like paper â costs are going up as demand exceeds supply. The fallout from the pandemic is shifting from a health crisis to an economic crisis. When the economic engines that fueled the world came to a screeching halt during lockdowns in March 2020, no one could've predicted where we'd be a year later. Countries are still fighting the coronavirus pandemic and now they're facing shortages, price increases, and demand for everyday items.